=+6. Two competing firms are each planning to introduce a new product. Each will decide whether to

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=+6. Two competing firms are each planning to introduce a new product. Each will decide whether to produce Product A, Product B, or Product C. They will make their choices at the same time. The resulting payoffs are shown below.

Firm 2 A B C A -10, -10 0, 10 10, 20 Firm 1 B 10, 0 -20, -20 -5, 15 C 20, 10 15, -5 -30, -30

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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