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magine that there are only two firms that sell Blu-ray players: Movie Concepts and Divided Video. The following payoff matrix shows the profit (in millions
magine that there are only two firms that sell Blu-ray players: Movie Concepts and Divided Video. The following payoff matrix shows the profit (in millions of dollars) each company will earn, depending on whether it sets a high or low price for its players. Divided Video High Low Movie Concepts High 11, 11 3, 16 Low 16, 3 9, 9
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