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1. Assume two stock brokers are deciding which companies to purchase stock from, with their net profits defined in the table below Broker 2 Company
1. Assume two stock brokers are deciding which companies to purchase stock from, with their net profits defined in the table below Broker 2 Company A Company B Company A 100 130 Broker 1 50 8 Company B 150 -10,000 6 4 a. What is the Nash equilibrium in this game? b. What is the minimax outcome of this game? c. Compare your answers from part a and part b. Which outcome do you think is more likely to occur? Why
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