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QUESTION
In a one-shot game, if you advertise and your rival advertises, you will each earn $10 million in profits. If neither of you advertise, your rival...
In a one-shot game, if you advertise and your rival advertises, you will each earn $10 million in profits. If neither of you advertise, your rival will make $8 million and you will make $4 million. If you advertise and your rival does not, you will make $20 million and your rival will make $6 million. If your rival advertises and you do not, you will make $2 million and your rival will make $6 million.
