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lable 16 In the following duopoly game, the two firms can either set the price of their product high or low. The game is represented

lable 16 In the following duopoly game, the two firms can either set the price of their product high or low. The game is represented in the table below. Firm B High Price Low Price High Price Firm A gets $1000 Firm A get $1250 Firm B gets $1000 Firm B gets $1100 Firm A Low Price Firm A gets $800 Firm A gets $900 Firm B gets $800 Firm B gets $900 Refer to Table 16-2. The Nash equilibrium for this game is for: O A. firm A to sell at a high price and for firm B to sell at a low price O B. both firms to sell the product at a high price O C. both firms to sell the product at a low price O D. firm A to sell at a low price and for firm B to sell at a high price

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