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Course: Introduction to Economy - Game Theory Consider the decisions of two countries with respect to restricting trade between them. The two leaders of each

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Course: Introduction to Economy - Game Theory

Consider the decisions of two countries with respect to restricting trade between them. The two leaders of each country think that the payoffs associated with their decisions are given by the following payoff matrix:

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A/B No Restriction Restriction No Restriction 25 millions , 25 millions 10 millions , 30 millions Restriction 30 millions , 10 millions (20 millions , 20 millions

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