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Q1 Two firms operate in a duopoly, but without collusion. Considering the profit return matrix for the output choices of firm A and firm B
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Two firms operate in a duopoly, but without collusion. Considering the profit return matrix for the output choices of firm A and firm B below, what is the dominant strategy of the firm?
Firm B High Low (60, 60) (20, 90) Firm A High Low (90, 20) (40, 40)Firm B High Low (60, 60) (20, 90) Firm A High Low (90, 20) (40, 40)Step by Step Solution
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