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According to the Nash equilibrium outcome of the game below, it's needed to describe why this outcome is good from the perspective of society. Strategic

According to the Nash equilibrium outcome of the game below, it's needed to describe why this outcome is good from the perspective of society.

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Strategic Interactions. For the first few questions, consider the following table depicting the actions of firms competing in the duopoly market for production of chainsaws: Husqvarna High Price Low Price Stihl High Price 10, 10 4, 15 Low Price 15, 4 6, 6The Nash equilibrium outcome of the game played between Stihl and Husqvarna may be frustrating for firms. Yet, from the perspective of society, we think of it as a good thing. . Briefly describe why the ultimate outcome of the game is good from the perspective of society

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