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    Nash equilibrium method

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    Identify the amount of money A should be willing to pay for the right to P Research's patent.
    Explain why paying this amount would be worthwhile for A.

    © BrainMass Inc. brainmass.com October 9, 2019, 4:43 pm ad1c9bdddf


    Solution Preview

    It's a little unclear in the wording. I assume that the question is how much is A willing to pay for P patent in order to keep G out of the market.
    Then in this case, this is a game theory of "incredible threat". Since we don't know what is the probability ...

    Solution Summary

    This job uses pure-strategy Nash equilibrium method.