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The following is a simultaneous move one shot game Firm B Low Price High Price Firm A Low Price (200, 500) (600, 600) High Price
The following is a simultaneous move one shot game
Firm B | |||
Low Price | High Price | ||
Firm A | Low Price | (200, 500) | (600, 600) |
High Price | (0, 1500) | (400, 1000) |
a. Does Firm A have a dominant strategy? If yes, what is it? b. Does Firm B have a dominant strategy? If yes, what is it? c. What is Firm A's secure strategy?
d. What is Firm B's secure strategy?
e. What is the Nash equilibrium for the one-shot game?
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