KLM Company must decide whether to advertise its product or not. If its rival, Blue Corporation, decides to advertise its product, KLM will make $4 million if it advertises and $2million if it does not advertise if Blue Corporation does not advertise, KLM will make $ 5 million if it advertises and $3 million if it does not.

a. Is it possible to construct a payoff matix? Explain.

b. Does KLM have a dominant strategy?

Answer rating: 100% (QA)

A A payoff matrix cant be constructed because Blue Corporations pro... View the full answer