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Author Question: Suppose two companies, Sony and Magnavox, are competing in a duopoly. If both companies charge a ... (Read 63 times)

mrsjacobs44

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on: May 24, 2019
Suppose two companies, Sony and Magnavox, are competing in a duopoly. If both companies charge a high price, they each make $700 million in economic profit. If both companies charge a low price, they each make $500 million in economic profit. If one company charges a high price and the other a low price, the company charging the higher price makes $450 million in economic profit and the company charging the lower price makes $800 million in economic profit.
a. Complete the payoff matrix below for Sony and Magnavox.

b. Find the Nash equilibrium.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by mrsjacobs44 on May 24, 2019

Carliemb17

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Reply #1 on: May 24, 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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mrsjacobs44

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

aliotak

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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