it. Find the optimal strategies for both companies and also the value of the game.

Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
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answer 36.1855 i want this answer or dont attempt it
There are two companies A and B in a certain city. Both companies have similar reputation and the total
number of customers is equally divided between the two companies. Both the companies want to attract
a greater number of customers by using different media of advertisement. By seeing the market trend,
the company A constructed the following pay-off matrix where numbers in the matrix indicate a gain or
loss of customers to it. Find the optimal strategies for both companies and also the value of the game.
FIRM B
FIRM A
Newspaper | Radio
TV
Newspaper
40
50
- 17
Radio
10
25
-10
TV
100
30
60
Transcribed Image Text:There are two companies A and B in a certain city. Both companies have similar reputation and the total number of customers is equally divided between the two companies. Both the companies want to attract a greater number of customers by using different media of advertisement. By seeing the market trend, the company A constructed the following pay-off matrix where numbers in the matrix indicate a gain or loss of customers to it. Find the optimal strategies for both companies and also the value of the game. FIRM B FIRM A Newspaper | Radio TV Newspaper 40 50 - 17 Radio 10 25 -10 TV 100 30 60
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