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Player 2 Low Q Player 1 High Q Low Q $10,$35 $25, $30 High Q $30, $7 $20,$6 If the payoff matrix is a simultaneous-move
Player 2 Low Q Player 1 High Q Low Q $10,$35 $25, $30 High Q $30, $7 $20,$6 If the payoff matrix is a simultaneous-move production game, the Nash equilibrium is for Multiple Choice O both players to produce high output. O player 1 to produce high output and player 2 to produce low output. player 1 to produce low output and player 2 to produce high output. O both players to produce low output
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