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Tina and Nick run the advertising campaigns of the University of Queensland and the Queensland University of Technology, respectively. The two are attempting to determine how much money they should spend on advertising their university in order to secure prospective undergraduate students. Both know that how much they spend will be influenced by how much the other decides to spend, as their advertising will become more or less effective as the other spends a smaller or larger figure, respectively. They can either spend a Large, Medium or Small amount on advertising and the positive payoff from this spending is shown in the table. Which strategy will a. Tina select? Type LB for Large Budget, MB for Medium Budget or SB for Small Budget as your answer b. Nick select? Type LB for Large Budget, MB for Medium Budget or SB for Small Budget as your answer IC Large BudgetMedium Budget (LB) Small Budget 100, 10 60, 20 35, 35 (MB) (SB) Large Budget (LB) Medium Budget (MB Small Budget SB 25, 25 20, 60 10, 100 60, 20 50, 50 20, 60 Tina

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