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Two firme mast aimitaneousy decibe whether to enter a maket. The payofts resulting from their
decisions are dustrated in the four to the Hght. Determine the mied-atrategy Neh eovitorum for
this game. The mieod abalesy Nash equibhtum is for Frm 1 to not enter with probability 01= and
for Firm 2 ta not enter with probebtily 02= (Enter your respenses rounded to hvo (heinad places.)

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Two firme mast aimitaneousy decibe whether to enter a maket. Th.pdf

  • 1. Two firme mast aimitaneousy decibe whether to enter a maket. The payofts resulting from their decisions are dustrated in the four to the Hght. Determine the mied-atrategy Neh eovitorum for this game. The mieod abalesy Nash equibhtum is for Frm 1 to not enter with probability 01= and for Firm 2 ta not enter with probebtily 02= (Enter your respenses rounded to hvo (heinad places.)