Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
American Airlines (AA) and Delta are engaging into the following one-shot game: if AAadvertises for a fair to Chicago and Delta does not, AA will make $20 million in profits andDelta will make $6 million. If Delta advertises and AA does not, AA will make $2 million andDelta will make $6 million. If AA advertises and Delta advertises, each firm earns $10 million. Ifneither firm advertises, Delta will make $8 million and AA will make $4 million.(a) Write the payoff matrix for the above game.(b) Does AA have a dominant strategy?(c) Does Delta have a dominant strategy?(d) What is the Nash equilibrium for the one-shot game?
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