(Solved): 8. Collusive outcome versus Nash equilibrium means that they will have to pay ...

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8. Collusive outcome versus Nash equilibrium means that they will have to pay workers to do the cleaning. If neither restaurant cleans, each will earn \( \$ 10,000 \); alternatively, if they both hire workers to clean, each will earn on \( \$ 7 \), Howeven and the other doesn't, more customers will choose the cleaner restaurant; the cleaner restaurant will make \( \$ 15,000 \), and the other restaurant will make only \( \$ 3,000 \). Complete the following payoff matrix using the information just given. (Note: Last Chance Café and Desolate Diner are both profit-maximizing firms.) If Last Chance Café and Desolate Diner decide to collude, the outcome of this game is as follows: Last Chance Café and Desolate Diner If both restaurants decide to cheat and behave noncooperatively, the outcome reflecting the unique Nash equilibrium of this game is as follows: Chance Café , and Desolate Diner