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University of California, Irvine *

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20A

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Economics

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Feb 20, 2024

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1

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If All-You-Can-Eat Café and GoodGrub Diner decide to collude, the outcome of this game is as follows: All-You-Can-Eat Café does not clean ¥ and GoodGrub Diner does not clean V¥ . Points: mam 1/ 1 Explanation: Close Explanation ~ If the two restaurants collude, they will each maximize profit by choosing not to clean. Each will earn $14,000. If both restaurants decide to cheat and behave noncooperatively, the outcome reflecting the unique Nash equilibrium of this game is as follows: All- You-Can-Eat Café cleans v, and GoodGrub Diner cleans v. Points: IS 1/ 1
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