Question: Can you answer this question QUESTION 3 I Consider two firms in the Australian market. The table below depicts each firm's profits, depending on what

Can you answer this question

QUESTION 3 I Consider two firms in the Australian market. The table below depicts each firm's profits, depending on what price both firms charge. Firm B chooses Low High Low Firm A earns $16M Firm A earns $4M Firm B earns $16M Firm B earns $23M Firm A chooses High Firm A earns $23M Firm A earns $18M Firm B earns $4M Firm B earns $18M 3.1 Find (if any) each firm's dominant strategy

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