Figure 8.11
-Refer to Figure 8.11. If Fred's profit in the top rectangle were 1,300 instead of 500 then the path of the game would be

Name: Figure 8.11 -Refer to Figure 8.11. If Fred's profit in the top rectangle were 1,300 instead of 500 then the path of the game would be
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Fred's profit in the top rectangle is now 1,300, which is greater than Barney's profit of 1,000 in the bottom rectangle. Therefore, Fred will choose a small quantity and Barney will enter the market.

Figure 8.11 -Refer to Figure 8.11. If Fred's Profit in the Top