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(Table: Firms a and B XII)

Question 41

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(Table: Firms A and B XII) (Table: Firms A and B XII) a. What is the Nash equilibrium if the game is played once with simultaneous moves? b. What is the Nash equilibrium if the game is played sequentially?
a. What is the Nash equilibrium if the game is played once with simultaneous moves?
b. What is the Nash equilibrium if the game is played sequentially?

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a. Both firms will expand outp...

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