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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?

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