-Intel and AMD are a duopoly that produces CPU chips.Intel and AMD can conduct R&D or they cannot conduct R&D.The table above shows the payoff matrix for the two firms.The numbers are millions of dollars of profit.The Nash equilibrium is for Intel to ________ and for AMD to ________ .
Definitions:
Richard Sennett
An American sociologist known for his work on the sociology of city life, labor, and social theory.
Demographic Groups
Categories of populations based on characteristics such as age, race, gender, income level, and education, used in social science and marketing for analysis.
Nintendo
A multinational consumer electronics and video game company headquartered in Japan, known for creating some of the most popular gaming franchises.
Wii
A home video game console released by Nintendo, known for its innovative motion-sensing controller.
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