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Laurent Laurent
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6 years ago
The only two barbers in a small town agree not to advertise. But you can dramatically increases your profits by advertising when your competitor does not. If your competitor advertises, better advertise too. The Nash equilibrium for this game is that neither barber advertises.

True or False?
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Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
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holymanholyman
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Laurent Author
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#2
5 years ago
Thank you!
Thank you!!
Thank you!!!
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