Question: Time left 0 : 3 3 : 3 1 Firms 1 and 2 form a duopoly. They need to make a simultaneous choice in a
Time left ::
Firms and form a duopoly. They need to make a simultaneous choice in a new venture. Firm must choose one of three possible strategies: or Firm must choose one of two possible strategies: A or B The following table shows all possible scenarios in terms of choices and payoffs. Regarding this game, which statement is correct?
tableChoicestableFirm : AFirm : AtableFirm : AFirm : BtableFirm : BFirm : AtableFirm : BFirm : BtableFirm : CAFirm : CFirm : AFirm : BFirm :$Firm : $Firm : $Firm :$PayoffsFirm : $Firm : $ Firm : $Firm : $Firm : $Firm : $Firm : $
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