The following is a simplified duopoly model of competition between two firms.Firms simultaneously choose the quantity of outputs to produce,and then profits are realized.Each firm is restricted to producing 25,35,50 or 100 units of output.The details of how the payoffs are derived are unimportant because payoffs are all given in the table below.
Firm 2

Find the Nash equilibrium(s)in the game.

Question

The following is a simplified duopoly model of competition between two firms.Firms simultaneously choose the quantity of outputs to produce,and then profits are realized.Each firm is restricted to producing 25,35,50 or 100 units of output.The details of how the payoffs are derived are unimportant because payoffs are all given in the table below.
Firm 2
  
Find the Nash equilibrium(s)in the game.

Quizplus · Accepted Answer

The Answer of The following is a simplified duopoly model of competition between two firms.Firms simultaneously choose the quantity of outputs to produce,and then profits are realized.Each firm is restricted to producing 25,35,50 or 100 units of output.The details of how the payoffs are derived are unimportant because payoffs are all given in the table below.
Firm 2
  
Find the Nash equilibrium(s)in the game.

The Following Is a Simplified Duopoly Model of Competition Between