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Stella and Britannia are two cookie companies. They are both considering entering or not entering a new market. Here are the payoffs to the two
Stella and Britannia are two cookie companies. They are both considering entering or not entering a new market. Here are the payoffs to the two companies for the two strategies. a. (5 points) Find a Nash equilibrium; prove that it is Nash. It's important to use the right words; no credit will be given with incorrect demonstration. b. (5 points) Show that (Enter, Don't Enter) is not Nash
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