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Two firms in a local market compete in the manufacture of cyberwidgets.Each firm must decide if they will engage in product research to innovate their

Two firms in a local market compete in the manufacture of cyberwidgets.Each firm must decide if they will engage in product research to innovate their version of the cyberwidget.The payoffs of each firm's strategy are a function of the strategy of their competitor as well.The payoff matrix is presented below.

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