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Business, 03.12.2021 23:10 fayth8312

Suppose that firm 2 knows its realized cost but firm 1 does not know the realized cost of firm 2 before choosing quantities. Find a Bayesian Nash equilibrium. Compute equilibrium profits.

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Suppose that firm 2 knows its realized cost but firm 1 does not know the realized cost of firm 2 bef...

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