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Refer to the Normal-Form Game of Price Competition in the Payoff

Question 11

Multiple Choice

Refer to the normal-form game of price competition in the payoff matrix below. Refer to the normal-form game of price competition in the payoff matrix below. Suppose that firm A deviates from a trigger strategy to support a high price. What is the present value of A's payoff from cheating? A) 70 B) 50 C) 30 D) 20 Suppose that firm A deviates from a trigger strategy to support a high price. What is the present value of A's payoff from cheating?


A) 70
B) 50
C) 30
D) 20

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