Question: Question 4: Finding dominant strategies is often a very effective way of analysing a game. Consider the following game: Microsoft and Apple are the two

Question 4: Finding dominant strategies is often a very effective way

Question 4: Finding dominant strategies is often a very effective way of analysing a game. Consider the following game: Microsoft and Apple are the two rms in the market for operating systems. Each rm has two strategies: charge a high price or charge a low price. J2\" \"' mz Z a. What (if any) is the dominant strategy for each rm? b. Is there a Nash equilibrium? Briey explain

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