Question: 1. For the payoff table listed,determine the equilibriumoutcome. Does either firm have dominant strate 28, 12 48, 20 20, 30 30, 22 Firm 2 rice

For the payoff table listed,determine the equilibriumoutcome. Does either firm have dominant

For the payoff table listed,determine the equilibriumoutcome. Does either firm have dominant strate 28, 12 48, 20 20, 30 30, 22 Firm 2 rice Hi Firm I Low rice High price Low rice

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