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Consider the payoff matrix in Figure 2. What outcomes, if any, are Nash equilibria? Figure 2+ Firm 24 Expand Expand West South Expand West 10,

Consider the payoff matrix in Figure 2. What outcomes, if any, are Nash equilibria?

Figure 2+ Firm 24 Expand Expand West South Expand West 10, 90 35, 850 Firm I Expand South 20, 80 40, 50

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