9. Dwight and Camilla run competing paper companies. The following game shows their strategies
(where/when they can advertise) and their payoffs (their profit in thousands of dollars). Dwight's payoffs
are first and Camilla's are second.
Prime time
Social Media (10, 5)
commercial
Dwight
Camilla
Billboard (6, 3)
Weekend
(4, 15)
commercial
Streaming
Social Media
commercial
Dwight
Dwight
(5, 7)
Billboard
(13, 3)
Weekday
commercial
Prime time
Social Media
commercial
Dwight
(22, 5)
Camilla
Billboard
Streaming
(7, 25)
Social Media
commercial
Dwight
(2, 15)
Billboard
a. If Dwight goes \"Weekend Commercial\", Camilla goes \"Streaming commercial\", and Dwight goes \"Social
media\", what will Dwight's payoff be?
b. If Dwight goes \"Weekday commercial\", Camilla goes \"Prime time commercial\", and Dwight goes \"Social
media\" what will Camilla's payoff be?
c. Look only at the third stage of the game. That is, every node where Dwight is making his second choice.
Cross off the branches that Dwight will not choose.
d. Repeat part (c) for the second stage, Camilla's decision.
e. Repeat part (c) for the first stage, Dwight's first decision.
f. Using your answers to parts (c) -- (e). What is the equilibrium of this game?