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(Table: Firms a and B VIII)

Question 161

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(Table: Firms A and B VIII) (Table: Firms A and B VIII)    a. In a one-period simultaneous game, what is the Nash equilibrium? b. If this simultaneous game is played twice, once in each period, what will be the outcome in the first period? In the second period?
a. In a one-period simultaneous game, what is the Nash equilibrium?
b. If this simultaneous game is played twice, once in each period, what will be the outcome in the first period? In the second period?

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a. Both firms expand output.
b...

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