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Jack and Jill must decide on production levels. Jack's number is the number on the left, Jill's number is the number on the right. Jack
Jack and Jill must decide on production levels. Jack's number is the number on the left, Jill's number is the number on the right. Jack High Production Jack Low Production Jill High Production $1600, $1600 $1500, $2000 Jill Low Production $2000, $1500 $1800, $1800 a. Does Jack have a dominant strategy? b. Does Jill have a dominant strategy? c. In the Nash Equilibrium what is Jack's profit? Jill's? d. If they could cooperate, where would they choose
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