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Answer the Question Based on the Payoff Matrix for a Duopoly

question 97

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  Answer the question based on the payoff matrix for a duopoly, in which the numbers indicate the profit from following either an international strategy or a national strategy. Which combination of payoffs would represent a Nash equilibrium? A) $3M for both firms. B) $17M for both firms. C) $15 for firm A and $5 for firm B. D) $5 for firm A and $15 for firm B. Answer the question based on the payoff matrix for a duopoly, in which the numbers indicate the profit from following either an international strategy or a national strategy. Which combination of payoffs would represent a Nash equilibrium?


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