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In the accompanying game, firms 1 and 2 must independently decide whether to charge high or low prices. Firm One Firm Two High Price Low
In the accompanying game, firms 1 and 2 must independently decide whether to charge high or low prices. Firm One Firm Two High Price Low Price High Price (10,10) (50,50) Low Price (50,50) (0,0) If the firms cooperated with each other, what would their payoffs be? Multiple Choice (50, 50) (50, 50) (10, 10) (0, 0)
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