Question: Time Left:1:50:54 Grace Mitchell: Attempt 1 Bell (B) High Speed Standard Internet Internet High Speed R: $20,000 R: $24,000 Internet B: $20,000 B: $15,000 Rogers

Time Left:1:50:54 Grace Mitchell: Attempt 1 Bell (B) High Speed Standard Internet Internet High Speed R: $20,000 R: $24,000 Internet B: $20,000 B: $15,000 Rogers (R) Standard R: $15,000 R: $23,000 Internet B: $24,000 B: $23,000 Rogers and Bell both offer wireless internet services. Each must decide whether to adopt an higher speed internet service standard to compete for customers. High speed internet is more expensive to offer than standard speed. If one firm decides to offer high speed and the other does not, then the firm with the faster internet will increase its subscriber base and its profit. Table 12.6.1 shows the payoff matrix for this internet speed game. How are the firms in this internet speed game caught in a prisoner's dilemma? 31 F N 6 0 5 BE
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