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Bergen Community College *

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Course

110

Subject

Economics

Date

Jan 9, 2024

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1

Uploaded by GeneralOyster1956

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Is the game shown in the figure below a zero-sum game, or is it a positive-sum game? How can you tell? Are there dominant strategies in this game? If so, what are they? Which cell represents a Nash equilibrium and why? Explain why it is so difficult for Uptown and RareAir to achieve and maintain a more favorable cell than the Nash equilibrium in this single-period pricing game. RareAir’s price strategy > - High Low 3 2 1 e $15 > High Q ® "5 $12 $6 S = 9 _m § $6 D $8 S § Low $15 $8 \
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