Question: Please find the attached document for the question. 1.6 Suppose that two firms face the following payoff matrix: Firm 1 Low Price High Price Low

Please find the attached document for the question.

1.6 Suppose that two firms face the following payoff matrix: Firm 1 Low Price High Price Low Price Firm 2 2 High Price 0 Given these payoffs, Firm 2 wants to match Firm 1's price, but Firm 1 does not want to match Firm 2's price. What, if any, are the pure-strategy Nash equilibria of this game

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