Mathematics, 03.05.2021 22:50 TheVariableWhoLived
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?
Answers: 3
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Two firms are in the chocolate market. Each can choose to go for the high end of the market​ (high q...
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