Multiple Choice
The payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing in new capital or not investing in new capital. An industry spy comes to firm B and claims to know what firm A has decided. Given that each firm already knows the payoff matrix, how much would this information be worth to firm B?
A) $0
B) $50 million
C) $30 million
D) $70 million
Correct Answer:

Verified
Correct Answer:
Verified
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