Consider the price competition game from the last homework. Two firms set prices p1 and p2, and

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Consider the price competition game from the last homework. Two firms set prices p1 and p2, and the firm with the lowest price faces demand max 0, 6 pthe firms split the demand if their prices are the same, and they must choose prices that are positive whole numbers. Write down the mixed strategies that correspond to the following randomizations for firm 1

Posted Date: Jun 11, 2024 08:01 PM

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Consider the price competition game from the last homework. Two firms set prices p1 and p2, and

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