Identifying Player Outcomes
The table below shows the potential outcomes for two competing businesses, 'BizCorp' and 'MarketMakers', based on their simultaneous choice to either 'Lower Prices' or 'Maintain Prices'. BizCorp is the 'row player' and MarketMakers is the 'column player'. In each cell, the first number is the profit for BizCorp, and the second number is the profit for MarketMakers (in thousands of dollars).
| MarketMakers: Lower Prices | MarketMakers: Maintain Prices | |
|---|---|---|
| BizCorp: Lower Prices | (20, 15) | (40, 5) |
| BizCorp: Maintain Prices | (10, 35) | (30, 30) |
If BizCorp chooses to 'Maintain Prices' and MarketMakers chooses to 'Lower Prices', what is the resulting profit for MarketMakers? Explain how you determined this from the table.
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