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2.3. Indicate the equilibrium strategies (if any) in the pay-off matrix below, which shows the strategies and their revenue outcomes. Explain Small firms: Small firms:

2.3. Indicate the equilibrium strategies (if any) in the pay-off matrix below, which shows the strategies and their revenue outcomes. Explain

Small firms: Small firms: charge low charge high prices prices Large firm: charge low $5m, $3m $6m, $2m prices Large firm: charge high $6, $4m $7m, $3m prices

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