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What is the unique mixed-strategy equilibrium of the pricing game between Phillips and Sony represented below? Let p be the probability of High for Phillips,
What is the unique mixed-strategy equilibrium of the pricing game between Phillips and Sony represented below? Let p be the probability of "High" for Phillips, and q the probability of "High" for Sony. Phillips / Sony | Strategy H | Strategy L ---------------------------------------------- Strategy H | (20, 0) | (0, 10) ---------------------------------------------- Strategy L | (0, 90) | (20, 0)
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Managerial Economics And Strategy
Authors: Jeffrey M. Perloff, James A. Brander
3rd Edition
0134899709, 978-0134899701
