Draw the game table for a game played between two competing oligopolies, Tape Source and Place for
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Draw the game table for a game played between two competing oligopolies, Tape Source and Place for Tape. Each must decide whether to invest in R&D.
Any innovation will be easily copied and shared by both. So, if neither invests, then each makes a profit of $40 million. If either or both invests, each makes aprofitof $60 million,buteach firmthatinvestsspends$10 milliondoing so andso only makes$50 million.
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Globalization For Development Meeting New Challenges Meeting New Challenges
ISBN: 9780191624032
1st Edition
Authors: Ian Goldin, Kenneth Reinert
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