Question: Please help with this practice question. Jamie and Rochelle each own restaurants that are across the street from each other. They both need to spend

Please help with this practice question.

Please help with this practice question. Jamie and Rochelle each own restaurants

Jamie and Rochelle each own restaurants that are across the street from each other. They both need to spend some advertising dollars to attract new customers, but are trying to decide the best way to spend those dollars. They are choosing between running a goodwill advertising campaign based on generating money for groups of need in their local community and running a discount promotion campaign below: based on offering discounts on food items for a limited period of time. The payoffs associated with each strategy are given in the table Rochelle Goodwill Discount Goodwill Jamie: $45K Jamie: $35K Jamie Rochelle: $60K Rochelle: $75K Discount Jamie: $50K Jamie: $25K Rochelle: $50K Rochelle: $30K If Jamie and Rochelle make their decisions simultaneously, what is the Nash equilibrium? O Jamie: Goodwill, Rochelle: Goodwill O Jamie: Goodwill, Rochelle: Discount O Jamie: Discount, Rochelle: Goodwill O Jamie: Discount ; Rochelle: Discount O both (a) and (d) O both (b) and (c) O There is no Nash equilibrium

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