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Consider two firms in Australian Market.The table below depicts each firm's profits depending on what price both firms charge. 1)Find (if any) each firms dominant

Consider two firms in Australian Market.The table below depicts each firm's profits depending on what price both firms charge. 1)Find (if any) each firms dominant strategy? 2)Which strategy does each firm choose in equlibrium when collusion (joint agreement) is not allowed? 3)Suppose that collusion is allowed between two firms. Could these firms benefit from collusion.why or why not?

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