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What is Game Theory and how do businesses uses games? We want to use the Froeb rule of look ahead and reason back. 1-Can and

What is Game Theory and how do businesses uses games?

We want to use the Froeb rule of look ahead and reason back.

1-Can and how does the entrant succeed?

2-Is the incumbent ever in control of this game?Hint, the game is the Duopoly game explained in the video. https://www.youtube.com/watch?v=qtZIrtZmmV8

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