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A total of n 2 companies are considering entry into a new market. The cost of entry is 30. If only one company enters, then
A total of n 2 companies are considering entry into a new market. The cost of entry is 30. If only one company enters, then its gross profit is 200. If more than one company enters, then each entrant earns a gross profit of 40. The payoff to a company that enters is its gross profit minus its entry cost, while the payoff to a company that does not enter is 60.
Find a symmetric Nash equilibrium in mixed strategies
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