Use the following setup for the question.
Assume a simultaneous-move game.
-What is the Nash equilibrium of the game?
Definitions:
Quantity Demanded
The entire quantity of a product or service that buyers are prepared and capable of buying at a certain price within a defined timeframe.
Interest Rates
The cost of borrowing money or the rate of return on investments, typically expressed as a percentage of the principal.
Loanable Funds
The money available for lending and borrowing in the financial markets.
Price Floor
A government or group-imposed price control or limit on how low a price can be charged for a product, aiming to protect producers.
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