The Table Below Shows the Payoff Matrix in the Form

question 3

Multiple Choice

The table below shows the payoff matrix in the form of short term profits for two firms,A and B,for two different strategies,investing in new capital or not investing in new capital.Payoffs are in millions of dollars. $\begin{array}{c}\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Firm B }\\\text { Firm A }\begin{array}{|l|l|l|}\hline & \text { Invest } & \text { Not Invest } \\\hline {\text { Invest }} & \$ 20 \text { for } \mathrm{A} & \$ 70 \text { for } \mathrm{A} \\& \$ 20 \text { for } \mathrm{B} & \$ 5 \text { for } \mathrm{B} \\\hline {\text { Not Invest }} & \$ 5 \text { for } \mathrm{A} & \$ 50 \text { for } \mathrm{A} \\& \$ 70 \text { for } \mathrm{B} & \$ 50 \text { for B } \\\hline\end{array}\end{array}$
Refer to the figure above.An industrial spy comes to firm B and claims to know what firm A has decided.How much would this information be worth to firm B?

• A) $0.
• B) $50 million.
• C) $30 million.
• D) $70 million.

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Definitions:

Mexican Culture

A rich and diverse cultural heritage that encompasses traditional values, practices, celebrations, and expressions of Mexico.

British Culture

Refers to the customs, traditions, and social behaviors of the United Kingdom.

Downplaying Emotions

The act of minimizing or reducing the expression and acknowledgment of emotions in the workplace.

Work Environments

The physical and social conditions in which employees perform their jobs, including office layout, culture, and safety.