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Economics hw Use the data below to answer the following questions: Big Brew decision Big Brew makes $2.5 million Big Brew makes $2 million Enter

Economics hw

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Use the data below to answer the following questions: Big Brew decision Big Brew makes $2.5 million Big Brew makes $2 million Enter Kona makes $2 million Kona makes $3 million Big Brew makes $2 million Big Brew makes $7 million Little Kona decision Don't Enter Kona makes zero Kona makes zero How many dominant strategies? Is there a Nash equilibrium? Q There are two dominant strategies and the Nash equilibrium is found in the upper left outcome. 0 There is one dominant strategy and the Nash equilibrium is found in the lower right outcome. 0 There is one dominant strategy and the Nash equilibrium is found in the upper left outcome. 0 There are two dominant strategies and the Nash equilibrium is found in the lower right outcome

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