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II.2 Companies A and B can compete on advertising or R&D. The profits (in millions of $ million) of the two firms are given in
II.2 Companies A and B can compete on advertising or R&D. The profits (in millions of $ million) of the two firms are given in the table below assumig that they play a one-shot simultaneous move game (the profit or firm A is listed first in every cell of the matrix, followed by the profit of firm B: A B Advertising R&D Advertising 50, 25 10, 70 R&D 20, 40 60, 35 1. Find the mixed strategy equilibrium. 2. What are the expected profits for both firms in this equilibrium
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