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Two firms operating in the same market must choose between a high price and a low price. Firm A's profit is listed before the comma,
Two firms operating in the same market must choose between a high price and a low price. Firm A's profit is listed before the comma, B's profit is listed after the comma. Firm B Low Price High Price Firm A Low Price 36,36 50,12 High Price 12,50 45,45 a. What is the Nash equilibrium strategy for each of these two firms? Explain. b. Could they do better? How
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