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Use Max - Min criterion to determine the strategy of each team. 2 . What is the value of the game? Which Firm will have

Use Max

-

Min criterion to determine the strategy of each team.

2 .

What is the value of the game? Which Firm will have better chances to win the bid?

3 .

Does the problem admit a stable solution? If not provide the LP formulations of each

team to randomize the game.

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