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-Refer to Figure 2

Question 1

Multiple Choice

-Refer to Figure 2.2, which represents a simultaneous-move, noncooperative, one-time game. A Nash equilibrium occurs at the strategy profile: A) {Raise price, Raise price}. B) {Raise price, Don't raise price}. C) {Don't raise price, Raise price}. D) {Don't raise price, Don't raise price}.
-Refer to Figure 2.2, which represents a simultaneous-move, noncooperative, one-time game. A Nash equilibrium occurs at the strategy profile:


A) {Raise price, Raise price}.
B) {Raise price, Don't raise price}.
C) {Don't raise price, Raise price}.
D) {Don't raise price, Don't raise price}.

Correct Answer:

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