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You are a manager of Firm A, which has a rival, Firm B. You are deciding whether to introduce a new product. If you do

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You are a manager of Firm A, which has a rival, Firm B. You are deciding whether to introduce a new product. If you do not introduce it, Firm B will introduce it. If you do introduce it, Firm B must decide whether to introduce it. If both firms introduce the product, each firm's economic profit is $4 million. If only one firm introduces the product, that firm's economic profit is $6 million, and the other firm's economic profit is $0. If neither introduces it, both have $0 economic profit. Complete the game tree for this game. Firm A Do not Introduce introduce product product Firm B Firm B Introduce Do not Introduce Do not product introduce product product introduce product Firm A: $ million Firm A: $ million Firm A: $ million Firm A: $ million Firm B: $ million Firm B: $ million Firm B: $ million Firm B: $ million

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