Suppose the game had a third stage in which the existing firm gets a chance to reevaluate
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Suppose the game had a third stage in which the existing firm gets a chance to reevaluate its price in the event that a new firm has entered the market. This would imply that the game tree in Graph 24.4 continues as depicted in Graph 24.5. What is the subgame perfect equilibrium in this case?
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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