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Refer to the following normal form game of price competition. Firm B Low Price 0 , 0 - 2 , 1 7 9 Firm A
Refer to the following normal form game of price competition. Firm B Low Price Firm A Low Price High Price High Price Suppose that Firm B deviates from a trigger strategy to support a high price. What is the present value of Firm Bs payoff from cheating? $ $ $ $
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