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Simultaneous market entry game. Two firms are thinking of entering a market. Not entering yields a payoff of zero. Only one firm can operate profitably
Simultaneous market entry game. Two firms are thinking of entering a market. Not entering yields a payoff of zero. Only one firm can operate profitably in the market. If only one firm enters, the entrant gets a payoff of 500. If both enter, they have a costly competition; the expected payoff is -100 for both
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