Suppose George Michael frequently buys bananas from Jorge Mi…

Suppose George Michael frequently buys bananas from Jorge Miguel and Jorge Miguel always delivers the bananas directly to George Michael’s froze banana stand. If George Michael sends Jorge Miguel an offer that says, “I offer to purchase 1,000 bananas for $250,” Jorge Miguel’s obligation to deliver the bananas to the frozen banana stand is a(n) _________________.

Refer to the game theory matrix, where the numerical data sh…

Refer to the game theory matrix, where the numerical data show the profits resulting from alternative combinations of advertising strategies for Ajax and Acme. Ajax’s profits are shown in the upper right part of each cell; Acme’s profits are shown in the lower left. With collusion and no cheating, the outcome of the game is cell