Use the following payoff schedule to answer the next 5 questions.
Verizon and T-Mobile must make simultaneous advertising decisions. They can
choose an advertising budget of $10 million, $15 million, or $20 million.
T-Mobile
$10 million
$15 million
$20 million
A
B
C
$10 million
$300, $300
$450, $200
$320, $200
D
E
F
Verizon
$15 million
$200, $450
$400, $400
$450, $350
G
H
I
$20 million
$150, $480
$380, $520
$500, $500
Annual payoffs in millions of dollars of profits.