Table 17-32
Suppose that Angelina and Brad own the only two professional photography stores in town. Each must choose between a low price and a high price for senior photo packages. The annual economic profit from each strategy is indicated in the table below:
Angelina
Low price High price 
-Refer to Table 17-32. Is there a Nash equilibrium? If so, describe it.
Definitions:
Assimilation
The process by which individuals or groups adopt the culture, norms, and practices of another group, losing their original identity.
Devaluation of Credentials
The diminishing value of educational or professional qualifications due to oversupply or changes in job market demand.
Canadian Doctor
A medical professional licensed to practice medicine within Canada, often involved in providing healthcare and treatment to patients.
Ethnic Affiliation
A sense of connection or belonging to a group that shares common cultural, linguistic, or ancestral traits.
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