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Business, 04.04.2020 12:06 giraffegurl

Three firms are considering entering a new market. The payoff for each firm that enters is 150 n , where n is the number of firms that enter. The cost of entering is 62. Find a symmetric mixed-strategy Nash equilibrium in which all three players enter with the same probability.

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Three firms are considering entering a new market. The payoff for each firm that enters is 150 n , w...
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