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The Payoff Matrix Below Shows the Payoffs (In Millions of Dollars)for

Question 62

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.  
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 offers to pay B in exchange for B's certain and enforceable promise to not invest. How much must the spy pay B? A) $0 B) At least $15 million C) At least $35 million D) At least $50 million An industry spy comes to firm B and offers to pay B in exchange for B's certain and enforceable promise to not invest. How much must the spy pay B?


A) $0
B) At least $15 million
C) At least $35 million
D) At least $50 million

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