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Nike and Reebok Sales. Reebok and Nike must decide whether to have a sale or not, based on the potential economic profits shown in the

Nike and Reebok Sales. Reebok and Nike must decide whether to have a sale or not, based on the potential economic profits shown in the table, with Nike first followed by Reebok in each cell. Which is TRUE? Nike and Reebok Sales Nike has a sale Nike does not have a sale Reebok has a sale $5M, $5M $1M, $30M Reebok does not have a sale $30M, $1M $20M, $20M Question 10 options: There is no Nash equilibrium. If Nike lowers its prices, Reebok should keep its prices high. Neither shoe company has a best response. Both Reebok and Nike would jointly be better off if they could each keep their prices high

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