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Please refer to the following question: Question 6 (2 marks). The following is a simplied duopoly model of competition between two rms. Finns simultaneously choose

Please refer to the following question:

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Question 6 (2 marks). The following is a simplied duopoly model of competition between two rms. Finns simultaneously choose the quantity of outputs to produce, and then prots are realized. Each rm is restricted to producing 251 35, 50 or 100 units of output. The details of how the payoffs are derived are unimportant because payoffs are all given in the table below. What is the purestrategy Nash equilibrium(a)? Firm 2 Q2: 25 Q2: 35 Q2: 50 92: 100 125125 63,125 453,250 Q}: 100 -250, -63 -350, -130 600, -250 -900, -900

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