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The Following Depicts a Normal-Form Game of Price Competition

Question 46

Multiple Choice

The following depicts a normal-form game of price competition. The following depicts a normal-form game of price competition. 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) 5 B) 20 C) 25 D) 35 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) 5
B) 20
C) 25
D) 35

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