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Exhibit 11-5 Advertise (A) Do Not Advertise (A) Advertise (B) (B) $650 (A) $750 (B) $1,400 (A) $50 Do Not Advertise (B) (B) $350 (A)
Exhibit 11-5 Advertise (A) Do Not Advertise (A) Advertise (B) (B) $650 (A) $750 (B) $1,400 (A) $50 Do Not Advertise (B) (B) $350 (A) $2,850 (B) $1,300 (A) $2,750 Refer to Exhibit 11-5, which illustrates the profits in a duopoly game between firm A and firm B that is played only once. When the game reaches a Nash equilibrium, the profits are Group of answer choices $2,750 for firm A and $1,300 for firm B. $50 for firm A and $1,400 for firm B. $750 for firm A and $650 for firm B. $2,850 for firm A and $350 for firm B. $0 for both firm A and firm B
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