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2. Firm A's Price $20 $15 $20 $40 profit $35 profit Firm B's Price $37 profit $39 profit $15 $49 profit $38 profit $30 profit

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2. Firm A's Price $20 $15 $20 $40 profit $35 profit Firm B's Price $37 profit $39 profit $15 $49 profit $38 profit $30 profit $35 profit 1. Firms A and B are member of an oligopoly. Which solution will Firm A and B select? 2. Is there a Nash equilibrium? If so, what is it? 3. Which solution will Firm A and B select if Firm A moves first and Firm B moves second? 4. Which solution will Firm A and B select if Firm B moves first and Firm A moves second

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