Question
Two media groups A and B simultaneously decide how much to spend on advertising: either low (L), medium (M), high (H), yielding the payoffs in
Two media groups A and B simultaneously decide how much to spend on advertising: either low (L), medium (M), high (H), yielding the payoffs in the following matrix, in which Media A chooses rows, and Media B chooses columns.
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International Macroeconomics
Authors: Robert C. Feenstra, Alan M. Taylor
5th Edition
1319218423, 9781319218423
