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For example, the lower-left cell shows that if movietonia prices low and videotech prices high, movietonia will earn a profit of $15 million, and videotech will earn a profit of $2 million. assume this is a simultaneous game and that movietonia and videotech are both profit-maximizing firms.

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User Lin Ma
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1 Answer

3 votes
find in the detailed solution.
For example, the lower-left cell shows that if movietonia prices low and videotech-example-1
answered
User Ivan Leonenko
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8.5k points
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