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Home Depot (HD) Low Price High Price Low Price HD: $40,000 HD: $30,000 Lowe's Lowe's: $40,000 Lowe's: $70,000 High Price HD: $70,000 HD: $60,000 Lowe's:
Home Depot (HD) Low Price High Price Low Price HD: $40,000 HD: $30,000 Lowe's Lowe's: $40,000 Lowe's: $70,000 High Price HD: $70,000 HD: $60,000 Lowe's: $30,000 Lowe's: $60,000 Suppose that Lowe's must decide whether to charge a low price or high price without knowing what Home Depot will do. The Nash equilibrium predicts that Lowe's will set a _price and Home Depot will set a price. low; low O high: high low: high high: low
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