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Firm 1 and Firm 2 are operating in the telecommunication industry. Each can choose to go for the high end quality product (HIGH END QUALITY)

Firm 1 and Firm 2 are operating in the telecommunication industry. Each can choose to go for the high end quality product (HIGH END QUALITY) or the low end quality product (LOW END QUALITY). Profits are given by the payoff matrix below:

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