Assume a simultaneous-move game. ​ Firm B Low Price High Price Firm A Low Price 10,10 100,2 High Price 2,100 90, 90 ​What is the Nash equilibrium of the game?

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
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Chapter8: Game Theory
Section: Chapter Questions
Problem 8.1P
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Assume a simultaneous-move game.

   

Firm B

 
   

Low Price

High Price

Firm A

Low Price

10,10

100,2

 

High Price

2,100

90, 90

 

​What is the Nash equilibrium of the game?
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