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The figure shows the payoff for two firms, A and B, that must each choose to sell either at a high or low price. Determine the dominant strategies for each firm (if any)and the Nash equilibria (if any).
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A device used to generate radiant energy for heating purposes, emitting infrared radiation to warm objects directly without warming the air first.
Rectal Electronic Thermometer
A thermometer designed for taking temperature readings from the rectum, often used for higher accuracy.
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A systematic examination of a patient's body performed by a healthcare professional to evaluate physical health or detect illness.
Toddler
A young child, typically aged between one and three years old, who is learning to walk and developing rapidly in other areas.
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