Two diners,that are located close to each other,compete aggressively for customers.One of their main strategies is the 'daily special' that they use to draw customers.The following payoff matrix shows how many customers they attract per day if their daily special is either beef stew [B],pot roast [P],or salmon pie [S]. ![Two diners,that are located close to each other,compete aggressively for customers.One of their main strategies is the 'daily special' that they use to draw customers.The following payoff matrix shows how many customers they attract per day if their daily special is either beef stew [B],pot roast [P],or salmon pie [S]. What daily special will be chosen by Diner A and Diner B in equilibrium if they agree not to benefit at each other's expense??](https://d2lvgg3v3hfg70.cloudfront.net/TB1826/11ea857e_d7d1_6888_a433_93f0e83c1490_TB1826_00_TB1826_00.jpg)
What daily special will be chosen by Diner A and Diner B in equilibrium if they agree not to benefit at each other's expense??
Definitions:
Breach
An act of breaking or failing to observe a law, agreement, or code of conduct.
Principal's Termination
The end of an agency relationship by the decision of the principal, who is the individual or entity that has empowered another to act on their behalf.
Exclusive Agency
An agency in which a principal grants an agent an exclusive territory and does not allow another agent to compete in that territory.
Liable
Refers to being legally responsible to compensate or rectify a damage, loss, or breach of contract.
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