Question: Final Project Bonus Question ' Two firms. Small and Large, compete by price. Each can choose either a low price or a high price. The

 Final Project Bonus Question ' Two firms. Small and Large, compete

by price. Each can choose either a low price or a high

Final Project Bonus Question ' Two firms. Small and Large, compete by price. Each can choose either a low price or a high price. The following payoff table shows the profit (in thousands of dollars) each firm would earn in each of the four possible decision situations: Large Low price High price Small rany A, Treating this as a one-shot simultaneous game, 1. Find dominant strategy for each player. 2. Find a secure strategy for each player. 3. Find Nash equilibrium 4. What is the payoff for each player at Nash equilibrium? 5 points Part B: Do you think cooperation works in this case? If \"No\

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