What are the Nash Equilibrium Strategies and corresponding payoffs for the following matrix?
Definitions:
Price Sensitive
Referring to the degree to which the demand for a product changes with a change in its price.
Cost Of Overpricing
The negative impacts, such as reduced sales and loss of market share, that can occur when a product is priced too high.
Cost Of Underpricing
The financial loss incurred by selling a product or service below its market value or cost, often to attract customers or gain market share.
High Quality
Pertaining to products or services that meet or exceed customers' expectations, characterized by superior materials, workmanship, performance, and durability.
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