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Nokia and Ericsson plan to introduce new handheld communications devices. However, they must decide whether to use their own software standard or a common third-party-developed standard.

Nokia and Ericsson plan to introduce new handheld communications devices. However, they must decide whether to use their own software standard or a common third-party-developed standard. The respective payoffs are diagrammed here. What is the likely outcome?

   

Nokia

   

Own Standard

Common Standard

Ericsson

Own Standard

$15M , $18M

$25M , $10M

Common Standard

$8M , $29M

$20M , $23M

Aug 23 2021 View more View Less

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