Market Entry: Three firms are considering entering a new market. The payoff for each firm that enters is 150 n , where n is the number of firms that enter. The cost of entering is 62. a. Find all the pure-strategy Nash equilibria. b. Find the symmetric mixed-strategy equilibrium in which all three players enter with the same probability.

6.8 Market Entry: Three firms are considering entering a new market. The payoff for each firm that enters is - . where n is the number of firms that enter. The cost of entering is 62. a. Find all the pure-strategy Nash equilibria. b. Find the symmetric mixed-strategy equilibrium in which all three players enter with the same probability