Fatima has a credit card account with Bank Muscat (BM). The bank is considering whether to raise Fatima’s credit card interest rate. She can respond by moving to National Bank of Oman (NBO) or do nothing. If BM raises Fatima’s interest rate and she does nothing, then BM increases profit by 150 OMR while Fatima receives -150 OMR. If BM raises Fatima’s interest rate and Fatima transfers her account to NBO, then BM receives -100 and she receives 75 OMR. If BM does nothing and she does nothing, then both gets 0 OMR. If BM does nothing and Fatima transfer her account to NBO then BM receives -100 while Fatima receives -40 OMR 1)Draw the game with the help of a tree chart.
Fatima has a credit card account with Bank Muscat (BM). The bank is considering whether to raise Fatima’s credit card interest rate. She can respond by moving to National Bank of Oman (NBO) or do nothing. If BM raises Fatima’s interest rate and she does nothing, then BM increases profit by 150 OMR while Fatima receives -150 OMR. If BM raises Fatima’s interest rate and Fatima transfers her account to NBO, then BM receives -100 and she receives 75 OMR. If BM does nothing and she does nothing, then both gets 0 OMR. If BM does nothing and Fatima transfer her account to NBO then BM receives -100 while Fatima receives -40 OMR
1)Draw the game with the help of a tree chart.
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