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Author Question: Firm 2High PriceLow PriceFirm 1High PriceFirm 1 earns $100; Firm 2 earns $100Firm 1 earns $25; Firm ... (Read 45 times)

Pineappleeh

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on: Jul 20, 2019
                                                                   
​​Firm 2​
​​High PriceLow Price
Firm 1High PriceFirm 1 earns $100; Firm 2 earns $100Firm 1 earns $25; Firm 2 earns $150
​Low PriceFirm 1 earns $150; Firm 2 earns $25Firm 1 earns $50; Firm 2 earns $50

Table 12.2


The diagram shown in Table 12.2 describes a game in which:
◦ Firm 1 always decides first, and Firm 2 always decides last.
◦ firms make their decisions simultaneously.
◦ firms must communicate with each other before making a decision.
◦ the firms take turns moving first.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by Pineappleeh on Jul 20, 2019

SomethingSomething

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Reply #1 on: Jul 20, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Pineappleeh

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Reply #2 on: Jul 20, 2019
Excellent


SomethingSomething

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Reply #3 on: Jul 20, 2019
Great! Please up vote :D


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