Use the payoff matrix for a prisoners' dilemma game in Exhibit to answer question. It shows...
Use the payoff matrix for a prisoners' dilemma game in Exhibit to answer question. It shows the possible profits for duopolists that are the only two restaurants in town. Each firm can choose how many hours to be open for business. Sue's Cafe Open Many Hours Open Faw Hours Sue gets $70,000 Sue gets $60.000 Open Many Hours Joe's Café Joe gets $70,000 Sue gets $90,000 Joe gets 590,000 Se gets $80,000 Open Few Hours Joe gets 500,000 Joe gets $80,000 The dominant strategy for Sue and Joe is for O a. Sue to be open for many hours while Joe is open for few hours. O b. There is no dominant strategy in this prisoners' dilemma game. O c. Sue to be open for few hours while Joe is open for many hours. O d. both to be open for many hours. O e. both to be open for a few hours. Check My Work (2 remaining)