Question: Hello. Can you please help me understand equilibrium in the context of economics? Microsoft and a smaller rival often have to select from one of

Hello. Can you please help me understand equilibrium in the context of economics?

Microsoft and a smaller rival often have to select from one of two competing technologies. The rival always prefers to select the same technology as Microsoft (because compatibility is important), while Microsoft always wants to select a different technology from its rival. Describe the equilibrium of this game.

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