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QUESTION
Consider the following matrix Firm AFirm BLow PriceHigh PriceLow Price0, 050, -10High Price-10, 5020, 20 Suppose that Firm A deviates from a trigger...
Consider the following matrix
Firm AFirm BÂ Low PriceHigh PriceLow Price0, 050, -10High Price-10, 5020, 20
Suppose that Firm A deviates from a trigger strategy to support a high price. What is the present value of A's payoff from cheating?
70
50
30
20
