Question: If neither restaurant cleans, each will earn $ 1 3 , 0 0 0 ; alternatively, if they both hire workers to clean, each will
If neither restaurant cleans, each will earn $; alternatively, if they both hire workers to clean, each will earn only $ However, if one
cleans and the other doesn't, more customers will choose the cleaner restaurant; the cleaner restaurant will make $ and the other restaurant
will make only $
Complete the following payoff matrix using the information just given. Note: Last Chance Caf and Desolate Diner are both profitmaximizing firms.
If Last Chance Caf and Desolate Diner decide to collude, the outcome of this game is as follows: Last Chance Caf
and Desolate
Diner
If both restaurants decide to cheat and behave noncooperatively, the outcome reflecting the unique Nash equilibrium of this game is as follows: Last
Chance Caf
and Desolate Diner
PLEASE HELP
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