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Phydeaux Phydeaux
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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 both barbers advertise.

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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Phydeaux Author
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6 years ago
Thanks
kc123
wrote...

Yesterday
Helped a lot
bkrandy
wrote...

2 hours ago
Good timing, thanks!
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