SAT, 08.12.2021 02:50, mahhvelousg97

In a duopoly game, we observe the following payouts. If the two firms collude they each make an economic profit of $50,000. If one firm cheats, then that firm makes an economic profit of $60,000 and the other incurs an economics loss of $10,000. If both firms cheat, then they both make zero economic profit. What is the nash equilibrium?.

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In a duopoly game, we observe the following payouts. If the two firms collude they each make an econ...

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