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?

idk

step-by-step explanation:

answer: 298143

step-by-step explanation:

step-by-step explanation:

step-by-step explanation:

this can be solved first with pythagorean theorem, which tells us to square both legs of the triangle and sum it. this will be equal to the square of the hypotenuse.

the hypotenuse is the side "opposite" the 90 degree angle, which is x.

so we can write using pythagorean theorem,

simplifying:

to further simplify this radical, we need to use the property  

thus