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Please help me explain why the Nash equilibrium is 225,195. Firm XYZ Strategy Low Low 100, 100 Medium 200, 75 High 300, 200 Firm ABC
Please help me explain why the Nash equilibrium is 225,195.
Firm XYZ Strategy Low Low 100, 100 Medium 200, 75 High 300, 200 Firm ABC Medium 150, 200 125, 150 100, 225 High 200, 300 225, 195 150, 250Step by Step Solution
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