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Kindly explain me these. Answers are already given Matrix 69.1 Boring Books $70 Econ Books $25 Econ Books $80 Econ Books ($500, $400) ($400, $500)

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Kindly explain me these. Answers are already given

image text in transcribed
Matrix 69.1 Boring Books $70 Econ Books $25 Econ Books $80 Econ Books ($500, $400) ($400, $500) Simple Texts $35 Econ Books ($100, $0) ($50, $100 where the first number in the parenthesis represents Simple Text's profits and the second number represents Bori Books' profits. 33. Refer to Matrix 69.1. If the firms price simultaneously, the equilibrium would be a. an $80 price for Simple and a $70 for Boring. b. an $35 price for Simple and a $70 for Boring. an $80 price for Simple and a $25 for Boring. d. an $35 price for Simple and a $25 for Boring. e. There is no equilibrium in the above game. 34. Refer to Matrix 69.1. If Simple were able to move first in a sequential version of this game, the equilibrium would be a. an $80 price for Simple and a $70 for Boring. an $35 price for Simple and a $70 for Boring. an $80 price for Simple and a $25 for Boring. d. an $35 price for Simple and a $25 for Boring. e. There is no equilibrium in the above game

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