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This is question. There are two firms in Madison that are competing and each is planning to introduce a new price for their product. Each

This is question.

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There are two firms in Madison that are competing and each is planning to introduce a new price for their product. Each firm will decided to set a price to either Price A, Price B, or Price C. The firms will make these pricing decisions at the same time and their payoffs in form of profit are given in the table below. Firm 2 Price | Price Price A B C Firm 1 Question: Please select all Nash equilibria that exist for these strategies. Firm 1 chooses Price B, Firm 2 chooses Price B Firm 1 chooses Price C, Firm 2 chooses Price A Firm 1 chooses Price C, Firm 2 chooses Price C Firm 1 chooses Price A, Firm 2 chooses Price C Firm 1 chooses Price A, Firm 2 chooses Price A O Firm 1 chooses Price A, Firm 2 chooses Price B Firm 1 chooses Price B, Firm 2 chooses Price A

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