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Exhibit 15-5 Refer to Exhibit 15-5

Question 105

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Exhibit 15-5 Exhibit 15-5 Refer to Exhibit 15-5.In the game: A) if General Mills prices high, Kellogg's is better off pricing high. B) if General Mills prices high, Kellogg's is better off pricing low. C) if Kellogg's prices high, General Mills is better off pricing high. D) the Nash equilibrium is for both firms to price high. Refer to Exhibit 15-5.In the game:


A) if General Mills prices high, Kellogg's is better off pricing high.
B) if General Mills prices high, Kellogg's is better off pricing low.
C) if Kellogg's prices high, General Mills is better off pricing high.
D) the Nash equilibrium is for both firms to price high.

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