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    profits and payoffs

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    Untied and Air 'R' Us are the only two airlines operating flights between Collegeville and Bigtown. That is, they operate in a duopoly. Each airline can charge either a high price or a low price for a ticket. The accompanying matrix shows their payoffs, in profits per seat (in dollars), for any choice that the two airlines can make.

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    https://brainmass.com/economics/microeconomics/profits-payoffs-177514

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    Untied and Air 'R' Us are the only two airlines operating flights between Collegeville and Bigtown. That is, they operate in a duopoly. Each airline can charge either a high price or a low ...

    Solution Summary

    Examine profits and payoffs in the case carefully.

    $2.19