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Business Strategy: Single Price Strategies 1. Two firms operating in the same market must choose between a high price and a low price. Firm A's

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Business Strategy: Single Price Strategies 1. Two firms operating in the same market must choose between a high price and a low price. Firm A's profit is listed before the comma, B's profit is ]isted after the comma. Firm B Low Price High Price Firm A Low Price High Price a. What is the Nash equilibrium strategy for each of these two firms? Explain. b. Could they do better? How

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