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Required: Complete the matrix and answer. 1. What outcomes, if any, are Nash equilibria? Explain. 2. Do Firm M and Firm Nhave their dominant strategies?

Required: Complete the matrix and answer.

1. What outcomes, if any, are Nash equilibria? Explain.

2. Do Firm M and Firm Nhave their dominant strategies? Why? Explain.

3. What outcomes is the best for those two business firm?Explain.

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