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Two handphone manufacturers Alpha and Beta are considering the production of a new model of handphone. The payoff matrix in terms of profit is as
Two handphone manufacturers Alpha and Beta are considering the production of a new model of handphone. The payoff matrix in terms of profit is as follows: Produce Don't Produce Produce -$5m for each $100m for Beta 0 for Al-ha Don't Produce 0 for Beta 0 for each $100m for Alpha Solve for the Nash equilibrium in this game. Explain whether this is a prisoner's dilemma game
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