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Aggressive or passive with payoffs

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Reference no: EM133125016

Suppose that two firms compete and can choose to be aggressive or passive with payoffs as follows.

 

Firm 2 Aggressive

Firm 2 Passive

Firm 1 chooses Ag

5,15

15,19

Firm 1 chooses Passive

10,23

16, 22

Which firm would pay more to move first rather than second? Explain.

Reference no: EM133125016

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