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suppose A and B are both ice cream trucks. if one of them price low and the other price high, the one that price low
suppose A and B are both ice cream trucks. if one of them price low and the other price high, the one that price low will get all the payoff (160), the one price high will get 0.
if both price low, they will both get 60. if both price high, they will both get 80.
a. Construct a Game table
b. what is the Nash Equilibrum in this case?
c. Is the Nash Equilibrum the most efficient option in this case? why?
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