Two firms are in the chocolate market. Each can choose to go for the high end of the market (high quality) or the low end (low quality). Resulting profits are given by the payoff matrix to the right. Firm 1

Low High

Firm 2 Low -20, -30 900, 600

High 100, 800 50, 50

What outcomes, if any, are Nash equilibria?

Analyze the diagram. what is the composition of transformations that was applied to map wxyz to w''x''y''z''? the first transformation was a reflection across line m rotation about point a translation down and right translation up and left. the second transformation was a rotation about point a translation up translation down reflection across line m.