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QUESTION
The town of Quadrilateralville has just opened a new airport, and two airlines are trying to decide whether to begin operating flights to the town.
The town of Quadrilateralville has just opened a new airport, and two airlines are trying to decide whether to begin operating flights to the town. The first, Speedy Airlines, is ready to begin flights immediately and would have enough equipment and crew to begin immediately. The second airline, WeGetYouThere (WGYT) Air, would have to hire crew and purchase planes.
Show more · If both airlines fly into the new airport, Speedy will make a profit of $20 million and WGYT will make a profit of $10 million.
· If neither airline adds flights, Speedy's annual profit will be $15 million and WGYT will make $8 million.
· If Speedy adds the service and WGYT does not, Speedy's profits will be $35 million and WGYT's profits will be $3 million.
· Finally, if WGYT adds service and Speedy does not, Speedy's profits will be $5 million and WGYT's profits will be $20 million.
