Question: Please help me answer case 7. thanks. Based on game theory of economics Case 7: In the attached table are some data on the compensation

Please help me answer case 7. thanks. Based on game theory

Please help me answer case 7. thanks. Based on game theory of economics

of economics Case 7: In the attached table are some data on

Case 7: In the attached table are some data on the compensation of the executives of a certain company. The rst column contains the \"command" levels in 8 ordered groups (3 corresponds to the "top\" executive and 1 to the lowest executive level); the second column contains the number of executives in each group; and the third column details the average salary of the executives of each group. Note the existing salary differences and present a reasonable explanation for them. EXECUTIVE SALARIES Scale of command Number of executives 3 Average salary {in SE} 1 502,000 '1' 3 328,000 6 14 165,000 5 56 1 15,000 4 5?4 69,000 3 319 49,000 a... 839 40,000 1 944 33,000

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