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 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
Correct Answer:

Verified
Correct Answer:
Verified
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