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Consider an election with two policy-seeking candidates L and R, with ideal points at 0 and 1, and their payoffs represented as |x| and |x1|
Consider an election with two policy-seeking candidates L and R, with ideal points at 0 and 1, and their payoffs represented as |x| and |x1| respectively. But now assume xm > 1, so that the candidates' ideal points lie on the same side of the median ideal point. a. Show that (xL, xR) = (1, 1) is a Nash Equilibrium. b. Is it the unique Nash equilibrium
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