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Esther and Eugene hope to be roommates and are choosing between two apartments. Their payoffs are as given in the table. a. What are the pure-strategy Nash equilibria if any?
b. What is the mixed-strategy Nash equilibrium?
Insourcing
involves bringing processes or services back in-house, which were previously outsourced to external companies.
Joint Venture
A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business operation.
Foreign Subsidiary
A company that is owned or controlled by another company, known as the parent company, but operates in a country different from where the parent company is established.
Franchising
The payment of a fee to a foreign business for rights to locally operate using its name, branding, and methods.
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