In the Research and Development Game of Chicken

question 40

Multiple Choice

In the research and development game of chicken,

• A)the best strategy for each player is to undertake research and development.
• B)the best strategy is for neither player to undertake research and development.
• C)the equilibrium is for only one firm to undertake research and development.
• D)the equilibrium is unique.
• E)no solution can be found.

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