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Every month, T-Mobile and AT&T make new offers and set high (H), medium (M) or low (L) prices simultaneously. What is the unique equilibrium of
Every month, T-Mobile and AT&T make new offers and set high (H), medium (M) or low (L) prices simultaneously. What is the unique equilibrium of the game? (HINT: Are any strategies dominated?). TMobile/ At&t | Strategy H | Strategy M | Strategy L ---------------------------------------------- Strategy H | (8, 4) | (4, 8) | (1, 1) ---------------------------------------------- Strategy M | (4, 8) | (8, 4) | (1, 1) ---------------------------------------------- Strategy L | (1, 1) | (1, 1) | (0,0)
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