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b) Consider now the whole game. Describe the players'strategies. What is the credible Nash equilibrium? What is the outcome of the game? For an additional
b) Consider now the whole game. Describe the players'strategies. What is the credible Nash equilibrium? What is the outcome of the game? For an additional investment of $50m, the engineers of Clear Vision can design one of two different technologies. The first technology design increases the valuation of Booble by $400m, but leaves unchanged the valuations of the other two potential buyers. The second design decreases the valuation of Booble by $200m, but increases the valuations of the other two companies by $100m. Everything else is unchanged. c) Find the credible Nash equilibrium. Will Clear Vision make the additional investment? If it does, what technology design will it choose? The first design or the second design
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