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(Figure: Simultaneous Move Game) In the figure, if Gavin believes that Grace will price high, Gavin will price with a payoff of: Iow; $40. low;

(Figure: Simultaneous Move Game) In the figure, if Gavin believes that Grace will price high, Gavin will price with a payoff of: Iow; $40. low; $80. high; $20. high; $60

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