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Question 21 1 pts Table 17-7 Two companies, Acme and Pinnacle, each decide whether to produce a good quality product or a poor quality product.

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Question 21 1 pts Table 17-7 Two companies, Acme and Pinnacle, each decide whether to produce a good quality product or a poor quality product. In the figure, the dollar amounts are payoffs and they represent annual profits (in millions of dollars) for the two companies. Acme Good Quality Poor Quality Acme - 6 Acme - 5 Good Qually Pinnacle = 6 Pinnacle - 8 Pinnacle Acme = 8 Acme = 7 Poor Quality Pinnacle - 5 Pinnacle = 7 Refer to Table 17-7. The more frequently this game is played, the more likely it is that O both firms will produce a good quality product. both firms will produce a poor quality product. O both firms experience a reduction in profits compared to the Nash equilibrium outcome. O one firm will experience an increase in profits and the other will experience a decrease in profits

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