The payoff table below depicts price competition between two electronics stores.(Payoffs are weekly profits in thousands of dollars for each store. )
(a)Assuming they determine their strategies independently of one another,what are the stores' respective equilibrium strategies? Explain briefly.

Question

The payoff table below depicts price competition between two electronics stores.(Payoffs are weekly profits in thousands of dollars for each store. )
  (a)Assuming they determine their strategies independently of one another,what are the stores' respective equilibrium strategies? Explain briefly.

Quizplus · Accepted Answer

The Answer of The payoff table below depicts price competition between two electronics stores.(Payoffs are weekly profits in thousands of dollars for each store. )
  (a)Assuming they determine their strategies independently of one another,what are the stores' respective equilibrium strategies? Explain briefly.

The Payoff Table Below Depicts Price Competition Between Two Electronics