Consider the Microsoft–Celera game described in Exercise 5(b) of Chapter 24. Determine whether this game has any pooling or separating equilibria and, if so, describe them
Exercise 5(b)
(b) Next consider the following dynamic game. Microsoft has some Celera stock, and it can either “Buy” more or “Sell” what it is holding. Celera observes Microsoft’s action and then decides whether to “Reveal” or “Hide” its proprietary trade secrets. This game is shown in extensive form in the illustration that follows. Microsoft’s payoffs are listed first. Represent this game in the normal form
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