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(Table: Polaris and Yamaha I) the Payoffs Represent Profits in Millions

question 163

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(Table: Polaris and Yamaha I) The payoffs represent profits in millions of dollars. (Table: Polaris and Yamaha I)  The payoffs represent profits in millions of dollars.   Suppose that this simultaneous-move game is played once in each period for three periods. In period one, the outcome will be _____, and in period two, the outcome will be _____. A)  (6 , 6) ; (4 , 4)  B)  (4 , 4) ; (4 , 4)  C)  (2 , 7) ; (6 , 6)  D)  (6 , 6) ; (6 , 6) Suppose that this simultaneous-move game is played once in each period for three periods. In period one, the outcome will be _____, and in period two, the outcome will be _____.


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Positive Economics is the branch of economics that deals with the description and explanation of economic phenomena, focusing on factual and cause-and-effect relationships.

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