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Please help answer the following question on game theory and production: (a) Use Game theory matrix approach to solve the following question: Only two large

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Please help answer the following question on game theory and production:

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(a) Use Game theory matrix approach to solve the following question: Only two large dry cleaners exist in a big city: A and B. They must choose their pricing strategy. Their payoff matrix is given below: Dry Cleaner 3 Keep price Lower price Keep pflCO Dry Cleaner A Lower price Questions: (i) Do A & B have a dominant strategy? (ii) What will each one of them decide to do in a one shot game? (iii) Is the selection in part (ii) showing Nash equilibrium? Give reason. (b) In a joint production problem with xed proportions with two products X and Y: (i) Can a rm be producing and selling one of these products with MR

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