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Following is a payoff matrix for Intel and AMD. In each cell, 1st number refers to AMD's profit, while second is Intel's.
a. Is there a Nash Equilibrium(s)? Why or why not?
b. Is this an example of the Prisoner's Dilemma? Why or why not?

Intel
AMD Lower Price Same Price Higher Price
Lower Price -2, -6 6, -2 12,-15
Same Price 6,14 9, 8 15, 4
Higher Price -13,7 3, 9 16,20

 

Game Theory, Economics

  • Category:- Game Theory
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