Question: (I). Assume that this is a simultaneous move, one shot game, i.e., each player moves simultaneously, and the game is played once. The firms are

(I). Assume that this is a simultaneous move, one shot game,

(I). Assume that this is a simultaneous move, one shot game, i.e., each player moves simultaneously, and the game is played once. The firms are not allowed to collude and make joint decisions. The two firms face the following profit matrix. The number in the table show the profit for each firm from each outcome

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