Create payoffs in the other cells

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Depict this situation with a game theory payoff matrix. Your company (A) and a major competitor (B) have two potential strategies: to advertise or to not advertise during the super bowl. The payoffs in each cell represent what happens to your profit. If you both advertise your payoffs are negative $1 million each. Create payoffs in the other cells such that the Nash equilibrium is that both firms advertise and lose $1 million each.

Reference no: EM132559533

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