The figure below presents information for a one-shot game. $\begin{array}{l}
\quad\quad\quad\quad\quad\text { Firm B }\
\text { Firm A}
\begin{array}{|l|l|l|}
\hline & \text { Low Price } & \text { High Price } \
\hline \text { Low Price } & (2,2) & (10,-8) \
\hline \text { HighPrice } & (-8,10) & (6,6) \
\hline
\end{array}\end{array}$ What are the Nash equilibrium strategies for firm A and B respectively?
A) (low price, high price)
B) (high price, low price)
C) (high price, high price)
D) (low price, low price)

Question

The figure below presents information for a one-shot game. $\begin{array}{l}
\quad\quad\quad\quad\quad\text { Firm B }\
\text { Firm A}
\begin{array}{|l|l|l|}
\hline & \text { Low  Price } & \text { High Price } \
\hline \text { Low  Price } & (2,2) & (10,-8) \
\hline \text { HighPrice } & (-8,10) & (6,6) \
\hline
\end{array}\end{array}$ What are the Nash equilibrium strategies for firm A and B respectively?
A) (low price, high price)
B) (high price, low price)
C) (high price, high price)
D) (low price, low price)

Quizplus · Accepted Answer

The Answer of The figure below presents information for a one-shot game. $\begin{array}{l}
\quad\quad\quad\quad\quad\text { Firm B }\
\text { Firm A}
\begin{array}{|l|l|l|}
\hline & \text { Low  Price } & \text { High Price } \
\hline \text { Low  Price } & (2,2) & (10,-8) \
\hline \text { HighPrice } & (-8,10) & (6,6) \
\hline
\end{array}\end{array}$ What are the Nash equilibrium strategies for firm A and B respectively?
A) (low price, high price)
B) (high price, low price)
C) (high price, high price)
D) (low price, low price)

The Figure Below Presents Information for a One-Shot Game What Are the Nash Equilibrium Strategies for Firm a and