5&6 please Advertise aAdvertise an averageAdvertise alittleamountlotAdvertise a little15, 159, 186, 22Advertise an average18, 916, 1612, 20amountAdvertise a lot22, 620, 1217, 17Pepsi = player at the left#'s represent profits for each in millions.Coke = player at the top5)advertise? (Hint: Think about how the other could "cheat.") Explain your answer.According to the grid above, how much do you think both Coke & Pepsi will6)Why would both companies probably never just "advertise a little"? Explain youranswer.

We will answer only the first question.

Answered: 5) advertise? (Hint: Think about how…

5) advertise? (Hint: Think about how the other could "cheat.") Explain your answer. According to the grid above, how much do you think both Coke & Pepsi will

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

5&6 please

Advertise a
Advertise an average
Advertise a
little
amount
lot
Advertise a little
15, 15
9, 18
6, 22
Advertise an average
18, 9
16, 16
12, 20
amount
Advertise a lot
22, 6
20, 12
17, 17
Pepsi = player at the left
#'s represent profits for each in millions.
Coke = player at the top
5)
advertise? (Hint: Think about how the other could "cheat.") Explain your answer.
According to the grid above, how much do you think both Coke & Pepsi will
6)
Why would both companies probably never just "advertise a little"? Explain your
answer.

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