-Suppose Intel and AMD can each charge either $300 or $200 for a CPU (the computing unit of a computer) .The above table illustrates the payoffs,in millions of dollars,from each of the four possible outcomes that could occur in their duopoly setting.If Intel charges $200 and AMD charges $300,then Intel's profit will be ________ million and AMD's profit will be ________ million.
Definitions:
Equitable Mortgage
A mortgage subsequent to the first or legal mortgage. A mortgage of the mortgagor’s equity.
Covenant to Pay
An agreement in a contract where one party promises to pay a specified sum to another.
Original Mortgagor
is the initial borrower who takes out a mortgage loan secured by the property being mortgaged.
Hypothec
A legal term primarily used in civil law jurisdictions to describe a right or security interest granted over an asset to secure the repayment of a debt without transferring title.
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