Consider the payoff table below: Payoffs in millions of dollars of profit annually. i. Do
Question: Consider the payoff table below: Payoffs in millions of dollars of profit annually.
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i. Does ABC have a dominant strategy? If so, what is it? (2 marks)
ii. Does XYZ have a dominant strategy? If so, what is it? (2 marks)
iii. What are the likely actions of the companies? (4 marks)
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Deliverable: Word Document
Deliverable: Word Document
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