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Suppose the Atlanta Braves and Washington Nationals are setting ticket prices. Each can choose either a high price or a low price. The following payoff
Suppose the Atlanta Braves and Washington Nationals are setting ticket prices. Each can choose either a high price or a low price. The following payoff matrix shows the profits each team can expect to earn depending on the pricing strategy adopted by each team. What is the Nationals' dominant strategy? Washington Nationals (WAS) High Price Low Price High Price ATL: $100 million ATL: $150 million Atlanta Braves (ATL) WAS: $100 million WAS: $110 million Low Price ATL: $75 million ATL: $75 million WAS: $70 million WAS: $65 million What is the nationals secure strategy? What is the Braves secure strategy? What is the nationals dominant strategy ? What's is the Braves dominant strategy? What is the cooperative equilibrium of this game
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