A towns two gas stations are each considering lowering prices to attract more sales. How this affects

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A town€™s two gas stations are each considering lowering prices to attract more sales. How this affects the profits for each gas station depends on whether the other also lowers prices. The decision matrix in Figure 9P-2 shows the payoffs, depending on what each player decides to do. Identify any Nash equilibria.
A town€™s two gas stations are each considering lowering prices
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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