Use the following setup for the question.
Assume a simultaneous-move game.
-What is the best response of firm B,given firm A is charging a low price?
Definitions:
Brady Handgun Violence Prevention Act
Federal legislation that requires background checks on individuals before a firearm purchase to prevent firearms sales to prohibited buyers.
Supreme Court
The highest federal court in the United States, with ultimate appellate jurisdiction over all federal and state court cases involving points of federal law.
Unitary System
A form of government in which a single central government holds all the power, with any regional authorities operating under its directive.
Federal Government
The central authority of the United States, governing at the national level and responsible for enforcing national laws.
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