The City of Dustin Is Going to Grant an Exclusive

question 22

Multiple Choice

The city of Dustin is going to grant an exclusive contract to provide cable TV for the next year.The economic profit of the contract is thought to be $5 million.MegaCable and Acme are competing for the contract.The firm that spends the most on lobbying will be awarded the contract.
Suppose MegaCable spends $2 on lobbying and Acme spends $1 on lobbying.If both firms know what the other is spending,the expected profit to MegaCable is __________ and to Acme it is __________.

• A)$4,999,998;-$1
• B)$5 million;-$1
• C)$2.5 million;$2.5 million
• D)0;$5 million

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Definitions:

Sadness

An emotional state characterized by feelings of unhappiness, sorrow, or melancholy, often resulting from experiences of loss or disappointment.

Facial Expressions

Visibly manifested emotions or intentions through the movements or positions of the muscles in the face.

Universality

The quality of being true or relevant in all circumstances and situations.

Basic Emotions

Emotions that are universally recognized and experienced by humans, such as happiness, sadness, fear, disgust, anger, and surprise.