In the Game Shown Below, Firms 1 and 2 Must

question 90

Multiple Choice

In the game shown below, firms 1 and 2 must independently decide whether to charge high or low prices. Which of the following are the Nash equilibrium payoffs (each period) if the game is repeated 10 times?

• A) (0, 0)
• B) (5, -5)
• C) (-5, 5)
• D) (10, 10)

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Definitions:

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