Happy Feet Wants to Prevent Best Nails from Entering the Nail

question 2

Multiple Choice

Happy Feet wants to prevent Best Nails from entering the nail salon market. The above game tree illustrates the different stra and corresponding payoffs for the two firms. Both Happy Feet and Best Nails have the same strategies of advertising (Ad) or advertising (No Ad) . The payoffs represent net profit in millions.
-If Happy Feet chooses to Ad and Best Nails then chooses to Ad, Happy Feet earns _ million in net profit and Best Nails earns million.

• A)$2; $3
• B)$5; $1
• C)$1; $4
• D)$4; $1

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Definitions:

Smaller-Amplitude

Refers to waves with lower peaks in contexts such as sound, light, or brain activity, indicating less intensity or energy.

Frequency

The frequency at which an event happens or reoccurs within a specific timeframe or sample.

Amplitude

The extent or range of a variable wave, such as sound or light, often measured from the middle value to an extreme.

Pitch

A perceptual property of sounds that allows their ordering on a scale from low to high, primarily associated with the frequency of sound waves.