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Toyota and GM are considering staying in the market for electric vehicles or leaving the market for electric vehicles. Assume that this is a simultaneous

Toyota and GM are considering staying in the market for electric vehicles or leaving the market for electric vehicles. Assume that this is a simultaneous move, one shot game, i.e., each player moves simultaneously, and the game is played once. The firms are not allowed to collude and make joint decisions. The two firms face the following profit matrix. The number in the table show the profit for each firm from each outcome

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GM Stay in the market Leave the market Stay in the -40 market 10 250 Toyota Leave the 200 0 market 3 0

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