(Table: Firms A and B XIII)
a. In a simultaneous game, what is the Nash equilibrium?
b. In a sequential game, what is the Nash equilibrium if Firm A moves first? Does Firm A have a first-mover advantage?

Question

(Table: Firms A and B XIII)  
a. In a simultaneous game, what is the Nash equilibrium?
b. In a sequential game, what is the Nash equilibrium if Firm A moves first? Does Firm A have a first-mover advantage?

Quizplus · Accepted Answer

The Answer of (Table: Firms A and B XIII)  
a. In a simultaneous game, what is the Nash equilibrium?
b. In a sequential game, what is the Nash equilibrium if Firm A moves first? Does Firm A have a first-mover advantage?

(Table: Firms a and B XIII)