Question: Hello can you help me with this please? Thanks a lot Company Tau and Company Upsilon are the only sellers of a good with no

Hello can you help me with this please? Thanks a lot

Hello can you help me with this please? Thanks a lot Company

Company Tau and Company Upsilon are the only sellers of a good with no close substitutes. They are each considering whether to increase their store hours. They project the following daily profit payoff scenarios: Company Upsilon Increase Store Hours Keep Current Hours Company Tau Increase Store Hours | $640, $850 $450, $350 Keep Current Hours $550, $550 $650, $260 a. Does Company Tau have a dominant strategy to increase store hours, maintain their current hours, or no dominant strategy? b. Does Company Upsilon have a dominant strategy to increase store hours, maintain their current hours, or no dominant strategy? C. Assuming no cooperation, what will the profit be for each firm? d. A local ordinance requires overtime pay amounting to $100 if the companies increase their hours. Draw a new payoff matrix reflecting the cost increase. e. Assuming no cooperation, what will the profit be for each firm after the cost increase

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