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Suppose the market for cookbooks is a duopoly. The chart below shows a payoff matrix for the two cookbooks producers (2 points). 35 Producer 1's

Suppose the market for cookbooks is a duopoly. The chart below shows a payoff matrix for the two cookbooks producers (2 points). 35 Producer 1's option Producer 2's Option Low Price Low Price High Price High Price $20 $20 $80 $1 $1 $80 $100 $100 a. What is the dominant strategy for Producer 1? Producer 2? b. What is the Nash equilibrium

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