Question: QUESTION 14 Note: No referencing is required for short arower questions, The folowing market is a duepoly populated only by the companies Alpha and Bets.

QUESTION 14 Note: No referencing is required for short arower questions,

QUESTION 14 Note: No referencing is required for short arower questions, The folowing market is a duepoly populated only by the companies Alpha and Bets. The pay off matrix immediately below shows the combinations of pricing strategies available to the two companies. The number representmillions of dollars in profit (The negative fig indicaon a less Annuming Buta has a first mover advantage. In a one-shot game, what is liekly to be the Nath equilibrium? Explain your answer. Beta High price Low price High price 250, 200 50, 150 Alpha Low price 100, 100 100, 250

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