17. Juan Pablo and Zak 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 TV, each will earn a profit of $8,000. If they both advertise on radio, each
will earn a profit of $14,000. If neither advertises at all, each will earn a profit of $20,000, If one advertises on TV and
other advertises on radio, then the one advertising on TV will earn $12,000 and the other will earn $10,000. If one
advertises on TV and the other does not advertise, then the one advertising on TV will earn $22,000 and the other will
earn $4,000. If one advertises on radio and the other does not advertise, then the one advertising on radio will earn
$24,000 and the other will earn $8,000. If both follow their dominant strategy, then Juan Pablo will
a. advertise on TV and earn $8,000.
b. advertise on radio and earn
$14,000.
c. advertise on TV and earn $22,000.
d. not advertise and earn $20,000.