If C = 15, which is the perfect equilibrium of the game?
A. A innovates, B does not.
B. A innovates, B innovates.
C. Neither firm innovates.
D. None of the above.
Answer:C
If C = 15, which is the perfect equilibrium of the game?
A. A innovates, B does not. B. A innovates, B innovates. C. Neither firm innovates. D. None of the above.