Essay
Nintendo and Sony Playstation are each planning to introduce one new game into the market.Each is considering three different kinds of games: an urban action game like Grand Theft Auto,an adventure game like Tomb Raiders,or a strategy game like Sim City.The table shows each firm's profits (Sony's profit first)in millions of dollars:
(a)Assuming the firms act independently,find the equilibrium outcome.Briefly,explain your answer.Is this game an example of the prisoner's dilemma?
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