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Author Question: Suppose two firms, Allstom from France, and Bombardier from Canada, are bidding on a contract to ... (Read 42 times)

Katmoss16

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on: Oct 12, 2022

Suppose two firms, Allstom from France, and Bombardier from Canada, are bidding on a contract to replace train cars for the subway system in Mexico City. If they bid the same amount, they share the contract-otherwise, the low bid wins. The figure below shows the payoff matrix for this contest.



FIGURE 11-6

Refer to Figure 11-6. If Allstom and Bombardier co-operated with each other when bidding on the contract, then the likely outcome is that


◦ Bombardier bids $50 million, and earns profit of $0, while Allstom bids $35 million and earns profit of $5 million.
◦ each firm bids $35 million, and each earns profit of $2.5 million.
◦ Bombardier bids $35 million, and earns profit of $5 million, while Allstom bids $50 million and earns profit of $0.
◦ each firm bids $50 million, and each earns profit of $10 million.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Katmoss16 on Oct 12, 2022

my33251

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Reply #1 on: Oct 12, 2022
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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Katmoss16

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

Jossy

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

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