I take my cousin to the Mall. We have the option of purchasing 2 items.- Sweaters(15$) or

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I take my cousin to the Mall. We have the option of purchasing 2 items.- Sweaters(15$) or Shoes (50$). We each get 20$ of satisfaction from the sweaters, and 40$ of satisfaction from the Shoes.

a) What are the Nash Equilibrium Strategies if we both pay for our own Items?

b) What are the Nash Equilibrium Strategies if we split the cost of the purchases?

Please illustrate and show your work!

Related Book For answer-question

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

Posted Date: Jun 12, 2024 02:07 PM

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I take my cousin to the Mall. We have the option of purchasing 2 items.- Sweaters(15$) or

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