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2. Apex and Brilliant select prices to maximize their individual profits. The profits are listed in the table below. Apex | Brilliant Low High Low

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2. Apex and Brilliant select prices to maximize their individual profits. The profits are listed in the table below. Apex | Brilliant Low High Low (1, 1) (0,7) High (7,0) (4,4) (i) Find all Nash equilibria of the game. (ii) Now suppose that Apex and Brilliant play the game in (i) an infinite number of periods. The firms discount future payoffs at the rate Oper period, where 0

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