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What will the profits change by? mework and Tests - Bryan k X Take a Test - Bryan Kaplan C X C Consider A Market

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mework and Tests - Bryan k X Take a Test - Bryan Kaplan C X C Consider A Market With Two F X + mathxl.com/Student/PlayerTest.aspx?testld=210538381¢erwin=yes 2023 265049 Spring 2020 Bryan Ka liz: ASSESS Chapter 14 Quiz Question: 1 pt 1 of 7 (0 complete) ider a market with two firms, Hewlett-packard (HP) and Dell, that sell printers. Both companies must se whether to charge a high price ($450) or a low price ($300) for their printers. price strategies with corresponding profits are depicted in the payoff matrix to the right. HP's profits red and Dell's are in blue. Suppose HP and Dell are initially at the game's Nash equilibrium. HP and Dell advertise that they will match any lower price of their competitors. For example, if HP es $300, then Dell will match that price and also charge $300. HP effect will matching prices have on profits (relative to the Nash equilibrium without price matching)? Price = $450 Price ing HP and Dell can coordinate to maximize profits, HP's profit will change by $ and Dell's profit ange by . (Enter either positive or negative numeric responses using integers.) $90 $10 Price = $450 $90 Dell $110 $30 Price = $300 $10 ur answer in each of the answer boxes. MacBook

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