The figure shown displays the choices that could be made by two firms in an industry: Tesla and Ford. Both companies are trying to decide whether or not to invest in research and development. Tesla will make a decision first, and then Ford will make a decision after observing Tesla's choice. The payoffs are the profits (in millions) these companies will earn as a result of their choices.If these players act in their own self-interest, then Ford will earn:
Definitions:
Job Seekers
Individuals actively looking for employment, either as a new position or as a change from their current job.
Potential Employers
Businesses or individuals who may consider hiring someone for a job or position within their organization.
Internet Sites
Websites accessible via the World Wide Web, providing information or services about various topics.
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