Question: Modify Question 1.5 so that if Firm 1 chooses High and Firm 2 chooses Low (the upper right corner), Firm 1 receives 1 rather than

Modify Question 1.5 so that if Firm 1 chooses High and Firm 2 chooses Low (the upper right corner), Firm 1 receives 1 rather than 3. How does that change youranswer?

Firm 1 Low Medium High Low otu 2 Firm 2 Medium ftn High

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Suppose the payoff for Firm 1 when picking medium and Firm 2 picks high is 7 so there wont be any ti... View full answer

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