24 Mixed Strategy In a “mixed strategy” game, firms assign some probability to different choices. In pure strategy, no Nash equilibrium may exist. However, Nash equilibrium always exists in mixed strategy. If there are multiple Nash equilibria in a pure strategy then there must be a Nash equilibrium in mixed strategy.
25 Mixed Strategy: Entry Game No Enter No Enter Firm B 0, 0 0, 1 -2, -2 1, 0 What is the Nash equilibrium of this game in pure strategy and mixed strategy?
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