Suppose two players use strategies that produce these payoffs: 
a. What are the pure-strategy Nash equilibria if any?
b. What is the mixed-strategy Nash equilibrium?
Definitions:
Largest Firms
The biggest companies within a particular market or industry based on criteria such as revenue, employees, or market capitalization.
Product Variation
The process by which firms make a product distinct from similar products offered by competitors, through features, design, or quality.
Mutual Interdependence
A situation in which the outcomes, actions, or decisions of two or more parties affect each other.
Price-Output
Refers to the relationship between the price levels of products and the quantity of goods or services produced or supplied in the market.
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