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Consider a simultaneous game in which TeaLicious and PearlFection set prices for their bubble tea. Each firm chooses whether to set a High price (H)
Consider a simultaneous game in which TeaLicious and PearlFection set prices for their bubble tea. Each firm chooses whether to set a High price (H) or Low price (L). Price-sensitive consumers are attracted to lower prices, generating the following payoffs
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