Question: How do i find the nash equilibrium if starbucks makes choices first? Use the information below to answer both MCQ 4 and MCQ 5. Starbucks

How do i find the nash equilibrium if starbucks makes choices first?

Use the information below to answer both MCQ 4 and MCQ 5. Starbucks and Krispy Kreme are trying to decide whether or not to open a shop in the new Mall of Africa. They both prefer if the other firm opens a shop because they can draw bigger crowds but neither wants to be the only American-branded coffee shop in the Mall. The payoff matrix for this dilemma is below. Krispy Kreme Open Don't Open Starbucks Open 2.6 Don't open (iii) (1ii) 6,2 MCQ question 4 Find the Nash Equilibrium (Starbucks. Krispy Kreme) for the payoff matrix when the game is played simultaneously

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