Consider again the entry game from Section 5.3, but now suppose the five potential entrants are… 1 answer below »

Consider again the entry game from Section 5.3, but now suppose the five potential entrants are identical in that each faces the same entry cost of $300. Given the total number of companies in the market, the accompanying table reports a company’s net profit (or payoff) if it enters. As before, the payoff from staying out of the market is zero, and each company can choose either enter or do not enter. Find all Nash equilibria.

 

 

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