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Posted: **Sun Jun 05, 2022 11:34 am**

: Two Firms Are Deciding Whether To Invest In A New Technology Or Not The Payoff Matrix For The Two Firms Firm A Firm B 1 (14.06 KiB) Viewed 45 times

Two firms are deciding whether to invest in a new technology or not. The payoff matrix for the two firms (Firm A, Firm B) is as follows: Firm B Invest Don't Invest Invest (i) (ii) Firm A 0,0 3,1 Don't invest (iii) (iii) 1,3 2,2 What is the Nash Equilibrium of this game?