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a. Suppose that the two firms repeat this game twice, where each Firm i's objective is to maximize the sum of Firm i's profits across
a. Suppose that the two firms repeat this game twice, where each Firm i's objective is to maximize the sum of Firm i's profits across the two periods. What is the solution of backward induction? What if there are five periods
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
