Suppose Warner Music and Universal Music are in a duopoly and currently limit themselves to 10 new
Question:
a. Fill in the revenue payoffs for each scenario in Figure 15P-6.
b. If this game is played once, how many artists will each producer sign, and what will be the price of a song?
c. If this game is played every year, how many artists will each producer sign, and what will be the price of a song?
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