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Consider the following payoff matrix: Player 2 Low Q High Q Player 1 Low Q $10,$35 $25,$30 High Q $30,$7 $20,$6 a. If the payoff

Consider the following payoff matrix:

Player 2

Low Q High Q

Player 1 Low Q $10,$35 $25,$30

High Q $30,$7 $20,$6

a. If the payoff matrix is a simultaneous-move production game, what is the Nash Equilibrium?

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