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Social Studies, 25.04.2020 03:23 18jweeks9

"The above payoff matrix illustrates the daily profit for two restaurants, Amy’s and Sam’s. Each restaurant has the choice to lower prices for early bird customers or keep prices the same. The first entry in each cell indicates the profits for Amy’s, and the second entry in each cell indicates the profits for Sam’s. Based on the information and assuming Amy’s and Sam’s do not cooperate, which action will each pursue?"

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