What are the Nash equilibrium strategies for Firm A and Firm B respectively?
A. (low price, low price)
B. (high price, high price)
C. (low price, high price)
D. a. and b.
Answer:B
What are the Nash equilibrium strategies for Firm A and Firm B respectively?
A. (low price, low price) B. (high price, high price) C. (low price, high price) D. a. and b.