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Business, 24.12.2019 19:31 shmote12

Coke and pepsi play a simultaneous game depicted in the following payoff matrix pepsi lower advertise 1200| 800 lower price! 1000 1200 coke 1200 1600 advertise 1200 1000 a) does pepsi have a dominant strategy? explain your reasoning. b) does coke have a dominant strategy? explain your reasoning. c) solve for the nash equilibrium of the game (mixed strategy equilibrium)

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Coke and pepsi play a simultaneous game depicted in the following payoff matrix pepsi lower advertis...
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