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11 Dec 2017
Firm B Produce 1000 Units Produce 2000 Units Produce 1000 Units (100, 100) (10, 150) Firm A Produce 2000 Units (150, 10) (30,30) TABLE 11-3 36) Refer to Table 11-3. The Nash equilibrium in this game is A) (Firm A: produce 1000 units, Firm B: produce 1000 units). B) (Firm A: produce 2000 units, Firm B: produce 1000 units). C) (Firm A: produce 2000 units, Firm B: produce 2000 units). D) (Firm A: produce 1000 units, Firm B: produce 2000 units). E) non-existent.
Firm B Produce 1000 Units Produce 2000 Units Produce 1000 Units (100, 100) (10, 150) Firm A Produce 2000 Units (150, 10) (30,30) TABLE 11-3 36) Refer to Table 11-3. The Nash equilibrium in this game is A) (Firm A: produce 1000 units, Firm B: produce 1000 units). B) (Firm A: produce 2000 units, Firm B: produce 1000 units). C) (Firm A: produce 2000 units, Firm B: produce 2000 units). D) (Firm A: produce 1000 units, Firm B: produce 2000 units). E) non-existent.
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