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(i) It's 2021 and thanks to COVE-19, people are buying soda again. You knew what w :(10 Mark!) at) Describe the type of game that
(i) It's 2021 and thanks to COVE-19, people are buying soda again. You knew what w :(10 Mark!) at) Describe the type of game that is involved between Coke and Pepsi. (2 Marks) b) Draw the payoff matrix with the appropriate payoffs. (3 Marks) c) Assume Coke as the Player 1 moves rst, analyse the game tree and explain the result observed
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