Laura, who is a widow, sold a piece of property and planned to live off the proceeds during her retirement. laura has one son, chris, who take care of her home and plans to move in with her and take care of her when she is too old to take care of herself. chris asks laura to invest her money in his restaurant, which is faltering. he tells her that if she does not lend him the money she will never see him again. she is afraid of being alone and agrees to his request, but soon changes her mind and asks for her money back. chris claims they have formed a binding contract. in fact, the contract may be voidable, because it was formed as a result of

For example, the upper right cell shows that if expresso advertises and beantown doesn't advertise, expresso will make a profit of $15 million, and beantown will make a profit of $2 million. assume this is a simultaneous game and that expresso and beantown are both profit-maximizing firms. if expresso decides to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if expresso decides not to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if beantown advertises, expresso makes a higher profit if it chooses . if beantown doesn't advertise, expresso makes a higher profit if it chooses . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? expresso will choose to advertise and beantown will choose not to advertise. expresso will choose not to advertise and beantown will choose to advertise. both firms will choose to advertise. both firms will choose not to advertise.