hw1-2013-summer-ans.pdf

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Department
Economics
Course
ECON 221
Professor
Michael Vaney
Semester
Fall

Description
Question 4Part b Note that each entrant leaves the market by the end of the year in which it enters entrant 1 leaves the market by the end of year 1 and entrant 2 leaves the market by the end of year 2 the game tree for this situation is given by The first payoff e
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