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2. Consider following scenario which we can think of as a game played between two oligopoly firms, Timmer's snow removal & Jack's snow removal services.

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2. Consider following scenario which we can think of as a game played between two oligopoly firms, Timmer's snow removal & Jack's snow removal services. It costs Timmer, $200 per customer per year. It costs Jack's $225 per customer per year. If the firms compete by strategically setting prices, what Nash equilibrium price do we expect? Explain. Remember, an outcome is a Nash equilibrium if nobody has a profitable unilateral deviation; if no one has reason to be the only one to change what they're doing

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