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Below is a game between two construction firms where B is build a new house, R is remodel the existing house, and L is leave
Below is a game between two construction firms where B is build a new house, R is remodel the existing house, and L is leave the house as it is in its current condition. Firm A's payoffs are listed before the comma, and Firm B's are after the comma.
a. Are there any dominant strategies for either player. Explain.
b. Solve for any nash equilibrium in pure strategies.
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