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High Speed Rail (HSR) is considering entering into the market of high-speed trains. If HSR decides to enter, it will face the competition of the

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High Speed Rail (HSR) is considering entering into the market of high-speed trains. If HSR decides to enter, it will face the competition of the incumbent firm, Amtrak. Based on the following matrix of payoffs, what is the expected outcome (the Nash equilibrium): HSR Enter Not enter Maintain ($2M: $-5M) ($10M; $0) Amtrak Exit ($-10M: $3M) ($ 10M; $0) (payoffs to Amtrak, HSR) There is no Nash equilibrium Maintain, Not Enter Exit, Enter Maintain, Enter Exit, Not enter

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