What are the equilibria in pure strategies

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Reference no: EM133659706

Problem: Two companies must collaborate to develop a new product. They must choose between two products, product A or product B. While Company ABC has a patent for product A, Company XYZ has a patent for product B. If a product gets developed, the company without a patent must pay licensing fees of $200K. The companies' profits (in $1000) are as follows: if product a is developed profits for abc would be 300 and profits for xyz would be 100 if product B abc company would see profits of 100, and xyz 300. What are the equilibria in pure strategies? Which basic game does it resemble?

Reference no: EM133659706

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