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If both firms have a low price, both Firm A and Firm B gain 2. If both firms have a high price, both gain 15.
If both firms have a low price, both Firm A and Firm B gain 2. If both firms have a high price, both gain 15. If firm A has a high price and Firm B has a low price, Firm A loses 8 and Firm B gains 10. If Firm A has a low price and Firm B a high price, Firm A gains 10 and Firm B loses 8. What are the dominant strategies for Firm A and Firm B respectively
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Basic Econometrics
Authors: Damodar N. Gujrati, Dawn C. Porter
5th edition
73375772, 73375779, 978-0073375779
