-The above 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).
Definitions:
Social Insurance Program
A government-sponsored program that provides financial assistance to individuals in the form of retirement benefits, disability income, and other social security benefits.
Public Assistance Program
Government programs designed to provide financial aid or services to individuals in need to support their well-being.
Public Assistance Programs
Government programs that pay benefits to those who are unable to earn income (because of permanent disabilities or because they have very low income and dependent children); financed by general tax revenues and viewed as public charity (rather than earned rights).
Social Insurance Programs
Government-sponsored programs that provide financial assistance to individuals in events of unemployment, disability, or old age, funded through payroll taxes.
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