The payoff matrix shown above assumes that Pretty Petunia’s…
Questions
The pаyоff mаtrix shоwn аbоve assumes that Pretty Petunia’s (PP) and Fabulous Flowers (FF) must decide whether to offer same-day delivery for their products. The matrix shows how much profit each firm will earn if it does or does not offer same-day delivery. The amount of profit for one firm depends on whether the other firm offers same-day delivery. Which of the following statements is true?