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The Table Below Shows the Payoff Matrix in the Form

Question 56

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The table below shows the payoff matrix in the form of short-run profit for two firms,A and B,for two different strategies,investing in new capital or not investing. The table below shows the payoff matrix in the form of short-run profit for two firms,A and B,for two different strategies,investing in new capital or not investing.   -Refer to the payoff matrix above.An industrial spy comes to firm B and claims to know what firm A has decided.How much would this information be worth to firm B? A)  $0. B)  $5 million. C)  $20 million. D)  $50 million. E)  $70 million.
-Refer to the payoff matrix above.An industrial spy comes to firm B and claims to know what firm A has decided.How much would this information be worth to firm B?


A) $0.
B) $5 million.
C) $20 million.
D) $50 million.
E) $70 million.

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