Question: I need some help with these problems, thank you so much! Text Question 2.7 Question Help Levi Strauss and Wrangler are planning new generation jeans

I need some help with these problems, thank you so much!

Text Question 2.7 Question Help Levi Strauss and Wrangler are planning new generation jeans and must decide on the colors for their products. The possible colors are white, black, and violet. The payoff to each firm depends on the color it chooses and the color choosen by its rival, as the profit matrix to the right shows. Levi Strauss A new CEO takes over at Wrangler. It is common knowledge that this CEO hates White Black Violet the color violet and would never produce violet jeans. In turn, you can therefore completely ignore the third row from the profit matrix. 40 120 160 White Given that the firms move simultaneously, identify any dominant strategies in this 40 80 game and find any pure Nash equilibria. 120 Wrangler 80 0 140 Levi Strauss's dominant strategy Black 120 0 60 60 80 0 Violet 160 140 0

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