Answer the question based on the payoff matrix for a duopoly in which the numbers indicate the profit in millions of dollars for each firm. If the two firms collude to maximize joint profits,
Definitions:
Factor Weighting Technique
A decision-making tool that assigns weights to various factors or criteria based on their importance, used to evaluate alternatives or make choices.
Subjectivity
The quality of being based on or influenced by personal feelings, tastes, or opinions rather than external facts or evidence.
Composite Score
An aggregate measure that combines several individual metrics or scores into one overall score.
Engineering Expertise
Specialized knowledge and skills in the field of engineering that contribute to the design, construction, and maintenance of structures, systems, or products.
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