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Derive the payoff matrix for short-run profits assuming a 2x2 one-shot simultaneous game between Sony and Microsoft. Assume that Nintendo is a passive observer in
Derive the payoff matrix for short-run profits assuming a 2x2 one-shot simultaneous game between Sony and Microsoft. Assume that Nintendo is a passive observer in the game and does not plan to change its prices. Show your pay-off/short-run profit calculations clearly and state any assumptions you made to derive your results. Identify the Nash equilibrium for this game and comment on whether it is cooperative or non-cooperative
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