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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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