Suppose we are managing two organizations An and B, serving a solitary market. These organizations attempt to concoct their exploration financial plan. Each organization has two choices: High Budget or Low Budget. We will expect, in the event that one organization concocts a groundbreaking thought through innovative work, the other organization can copy the discoveries. The accompanying table shows the potential methodologies and coming about benefits for each organization: An is addressed with red and B is addressed with shading blue. High Budget Low Budget $40 million $45 million High Budget $40 million $30 million I $30 million $35 million $45 million $35 million Low Budget b) What will be the result of the game above? Is there a prevailing procedure for each firm to follow? c) Is the result the alluring one? Could the organizations improve? d) What do you think would occur if this game weren't only a solitary choice yet a rehashed one, where each organization chooses its examination spending plan every year? Could another outcome be reached? Clarify utilizing words.

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