Question: Question 1 [ 5 marks ] NewNoodle is trying to come into the market and has four entrance strategies, while OldNoodle is trying to keep

Question 1[5 marks]
NewNoodle is trying to come into the market and has four entrance strategies, while
OldNoodle is trying to keep their market. The payoff matrix is presented below. What
is the appropriate strategy for NewNoodle and OldNoodle, and what is the value of
the game.
Question 1[5 marks] NewNoodle is trying to come into the market

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