What is the expected outcome the nash equilibrium

Reference no: EM133554704

Question:High Speed Rail (HSR) is considering entering into the market of high-speed trains. If HSR decides to enter, it will face the competition of the incumbent firm, Amtrak. Based on the following matrix of payoffs, what is the expected outcome (the Nash equilibrium): HSR Enter Not enter Amtrak Maintain ($2M; $-5M) ($10M; $0) Exit ($-10M; $3M) ($-10M; $0)

Reference no: EM133554704

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