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ellie425 ellie425
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A year ago

The payoff matrix below shows the payoffs to Firms A and B from producing different levels of output. The numbers in parentheses are (payoff to A, payoff to B).

Short description: A two by two matrix with columns representing Firm B and rows representing Firm A. Long description: The columns represent firm B. The column headers read, produce 1000 units and produce 2000 units. The row represents firm A. The row headers read, produce 1000 units and produce 2000 units. The first row reads, (100, 100) and (10, 150). The second row reads, (150, 10) and (30, 30).

TABLE 11-3

Refer to Table 11-3. The Nash equilibrium in this game is



▸ (Firm A: produce 2000 units, Firm B: produce 2000 units).

▸ (Firm A: produce 2000 units, Firm B: produce 1000 units).

▸ (Firm A: produce 1000 units, Firm B: produce 2000 units).

▸ (Firm A: produce 1000 units, Firm B: produce 1000 units).

▸ non-existent.
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Microeconomics

Microeconomics


Edition: 17th
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flash33101flash33101
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A year ago
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ellie425 Author
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A year ago
Good timing, thanks!
big_larry_samp
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Yesterday
This site is awesome
mikey3091
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2 hours ago
You make an excellent tutor!
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