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Given the information in Exhibits 1, 2, and 3, would you predict that Sony and/or Microsoft will want to reduce console prices by $100? Use
Given the information in Exhibits 1, 2, and 3, would you predict that Sony and/or Microsoft will want to reduce console prices by $100? Use a 2-by-2 one shot simultaneous game toanalyse this short-run situation. You can assume Nintendo monitors its competitor's actions,but has no plans to change its price
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