What is a level of production in which the marginal production decreases with new investment?
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Ответ:
Ответ:
The Nash equilibrium is a situation where individuals or players have no incentive to change their strategy taking into account the strategy of their opponents.
So in this case the nash equilibrium is "both advertise" The best equilibrium would be not to advertise any of the 2 but taking into account the attempt of what the opponent can do the nash equilibrium is where both advertise.