The decision tree below shows the possible actions and payoffs of Pepsi and Coke with respect to their decision to advertise. What is the maximum profit Pepsi could earn if Pepsi maximizes its profits, and what is the corresponding decision on advertising it Yes Pepsi Coke $70 $70 Coke Advertise? Yes Pepsi Coke No $120 $50 Pepsi would need to make? Advertise? Pepsi Coke Yes $50 $120 No Coke Advertise? Pepsi Coke No $100 $100 [15.6 Strategic Decision Making on Advertising] A Pepsi could make $120 if it decides to advertise B Pepsi could make $120 if it decides not to advertise. Pepsi could make $70 if it decides to advertise Pepsi could make $ 100 if it decides not to advertise.The decision tree below shows the possible actions and payoffs of Pepsi and Coke with respect to their decision to advertise. What is the dominant strategy for Coke, and what will Pepsi choose to do? Yes Pepsi Coke $70 $70 Coke Advertise? Yes Pepsi Coke No $120 $50 Pepsi Advertise? Yes Pepsi Coke No $50 $120 Coke Advertise? Pepsi Coke No $100 $100 [15.6 Strategic Decision Making on Advertising] A Coke's dominant strategy is to advertise. Pepsi will also advertise. B Coke's dominant strategy is to not advertise. Pepsi will not advertise either. Coke's dominant strategy is to not advertise. Pepsi will advertise Coke's dominant strategy is to advertise. Pepsi will not advertise.The payoff matrix below shows the possible actions and payoffs of Walmart and Target with respect to a particular product. The arget Price High Price Low $40 $50 Price High $40 $15 cooperative solution occurs when: Walmart $15 $30 Price Low $50 $30 A Walmart and Target both price high. Walmart prices low and Target prices high. Target and Walmart both price low. D Walmart prices high and Target prices low.The payoff matrix below shows the possible actions and payoffs of Pepsi and Coke with respect to their decision to advertise. What Coke Not Advertise Advertise Not $120 $150 Advertise $120 $50 is the dominant strategy for Pepsi, and what will Coke do in this case? Pepsi $50 $75 Advertise $150 $75 [15.6 Strategic Decision Making on Advertising] A Pepsi's dominant strategy is to not advertise. Coke will not advertise either. B Pepsi's dominant strategy is to not advertise. Coke will advertise. Pepsi's dominant strategy is to advertise. Coke will not advertise. D Pepsi's dominant strategy is to advertise, Coke will also advertiseThe payoff matrix below shows the possible actions and payoffs of two business owners, Romeo and juliet. What best explains why the case in which both players produce 3 units is NOT a Nash equilibrium? Juliet Q - 3 Q = 4 $18 $20 Q - 3 $18 $15 Romeo $15 $16 Q = 4 $20 $16 [15.3.2 The Language of Game Theory] Either player can improve his or her payoff by making a different decision. Neither player can improve his or her payoff without collaborating Juliet can improve her payoff by making a different decision. Romeo can improve his payoff by making a different decision,The decision tree below shows the possible actions and payoffs of Walmart and Target regarding the price of a particular product. What is the dominant strategy for Walmart, and what will Target do in response?] Walmart's dominant strategy is to price high. Target will also price high. B Walmart's dominant strategy is to price low. Target will price high. Walmart's dominant strategy is to price low. Target will also price low. D Walmart's dominant strategy is to price high. Target will price low