You are given a payoff matrix for a zero-sum game you see, Econometrics

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You are given a payoff matrix for a zero-sum game you see

1. You are given a payoff matrix for a zero-sum game. You see that for one pair of strategy choices by the two firms, A's payoff is 9 and B's payoff is 6. For a second set of strategy choices, A's payoff is

2. What is B's payoff?

3. How many real industries can you name that are oligopolies? How many operate under monopolistic competition? Perfect competition? Which of these is most difficult to find in reality? Why do you think this is so?

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Econometrics: You are given a payoff matrix for a zero-sum game you see

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Econometrics: You are given a payoff matrix for a zero-sum game you see

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