Question 27 Answer the question based on the following payoff matrix for a duopoly in which...

  

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Question 27 Answer the question based on the following payoff matrix for a duopoly in which the numbers indicate the profit from either opening a coffee shop in a small to opening the coffee shop. Firm A's Strategies Don't Open Open A = $0 A = $5,000 B = $0 B = $0 A = $0 A = $10,000 B = $5,000 B = $10,000 Refer to the above table. If both firms choose their strategies simultaneously, then Firm B's dominant strategy is to not open a coffee shop. There is no Nash equilibrium for this game. Both firms have a dominant strategy to not open a coffee shop. Firm A's dominant strategy is to open a coffee shop. Don't Open Firm B's Strategies Open Question 27 Answer the question based on the following payoff matrix for a duopoly in which the numbers indicate the profit from either opening a coffee shop in a small to opening the coffee shop. Firm A's Strategies Don't Open Open A = $0 A = $5,000 B = $0 B = $0 A = $0 A = $10,000 B = $5,000 B = $10,000 Refer to the above table. If both firms choose their strategies simultaneously, then Firm B's dominant strategy is to not open a coffee shop. There is no Nash equilibrium for this game. Both firms have a dominant strategy to not open a coffee shop. Firm A's dominant strategy is to open a coffee shop. Don't Open Firm B's Strategies Open

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