game theory and competitive strategy

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two firms dominate the market for surgical sutures and compete aggressively with respect to research and development. the following payoff table depicts the profit implications of their different r&d strategies. a. suppose that no communication is possible between the firms; each must choose its r&d strategy independently of the other. what actions will the firms take, and what is the outcome? b. if the firms can communicate before setting their r&d strategies, what outcome will occur? explain. firm a s r&d spending low = (8, 11), (6, 12), (5, 14) medium = (12, 9), (8, 10), (6, 8) high = (11, 6), (10, 8), (4, 6) firm b s r&d spending low = (8, 11), (12, 9), (11, 6) medium = (6, 12), (8, 10), (10, 8) high = (5, 14), (6, 8), (4, 6)
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