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This is a
Two firms A and B operating in the same market must choose between a collude
Answer the following questions in order.
(a) Does Firm A have a dominant strategy? Explain your answer.
(b) Does Firm B have a dominant strategy? Explain your answer.
(c) Is there an equilibrium solution to the above game?
(d) Is this equilibrium solution to the game the most "ideal" outcome for the players? Explain clearly why or why not.
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