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3. Consider the entry game that we studied on Friday's class {3/ 5 / 2021). But now suppose the 5 potential entrants face the same

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3. Consider the entry game that we studied on Friday's class {3/ 5 / 2021). But now suppose the 5 potential entrants face the same entry cost of 3300. Given the total number of companies in the market, the accompanying table reports a company's net prot (or payoff) if it enters. As before, the payoff from staying out of the market is am, and each company can choose either enter or do mat enter. Find all Nash equilibria (You can use the table we studied when rms are asymmetrical. See class notes). Number of Firms Gross Prot er Firm Net Prot er Firm 1 1,000 700 2. 400 100 3 250 -50 4 150 -1 50 5 100 -200

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