Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn

Exercise 30

Construct a game-theory matrix involving two firms and their decisions on high versus low advertising budgets and the effects of each on profits. Show a circumstance in which both firms select high advertising budgets even though both would be more profitable with low advertising budgets. Why won't they unilaterally cut their advertising budgets
Profits from each advertising strategy appear in the cells