Draw a payoff matrix to show this as a one-shot simultaneous game in which each seller has to make a one-off decision without knowing what the other will do
LEARNING OUTCOMES Part A (25% of the marks) Word limit: 600 words Two garden centres, Green Grass and Bushy Shrubs, sell a similar range of plant pots, plants and plant food. Both are considering whether to discount or maintain their prices as spring approaches. Their payoffs under different combinations of decisions are given below: If … Read more