Decide jointly about expansion for both firms

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Reference no: EM133641230

Question

The table lists the profits of two different spa chains, Elite and Supreme. The profits depend on the number of locations each chain has in a certain city. Each chain has one location, and both owners are considering expansion. If you were the owner of Elite Day Spas, and you are the first mover in a sequential game, what would you do if you want to gain a first-mover advantage? Announce expansion plans while you begin to search for a new location. Quickly and quietly open a second location before Supreme has time to act. Quickly and aggressively open two more locations before Supreme has time to act. Coordinate with the Supreme owner to decide jointly about expansion for both firms.

Reference no: EM133641230

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