George and Jerry are competitors in a local market. Each is trying to decide if it is better to advertise on TV, on radio or not at all. If they both advertise on T each will earn a profit of $3,000. If they both advertise on radio, each wi目earn profit of $5,000. If neither advertises at all, each will earn a profit of $10,000. If one advertises on TV and the other advertises on radio, then the one advertising on TV will earn $4,000 and the other will earn $2,000. If one advertises on TV and the other does not advertise, then the one advertising on TV will earn串8,000 and the other will earn $5,000. If one advertises on radio and the other does not advertise, then the one advertising on radio will earn $9,000 and the other will earn 6,000 If both follow their dominant strategy, then George will cam $,00. r one A. advertise on TV and earm $3,000. B. advertise on TV and earm $8,000 C. advertise on radio and earn $5,000. D, not advertise and earn $10,000.

The dominant strategy shall be the strategy that shall be to make efforts in advertisement so that public and the keen customers are aware of the respective brand of their products.

Dominant strategy is followed then both will advertise, accordingly if they both advertise through the television, the profit for both of them shall be less.

In case both advertise through radio both the parties shall earn $7,000 profit each.

They both shall choose this, as they know that the opponent will try to perform good and earn more, accordingly both will put efforts.

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