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Refer to the Following Normal Form Game of Price Competition

Question 2

Multiple Choice

Refer to the following normal form game of price competition for questions 20 - 23.
Refer to the following normal form game of price competition for questions 20 - 23. -If this game is played once,then A) Firm A will charge a lower price and firm B will charge a lower price B) Firm A will charge a higher price and firm B will charge a lower price C) Firm A will charge a lower price and firm B will charge a higher price D) Firm A will charge a higher price and firm B will charge a higher price
-If this game is played once,then


A) Firm A will charge a lower price and firm B will charge a lower price
B) Firm A will charge a higher price and firm B will charge a lower price
C) Firm A will charge a lower price and firm B will charge a higher price
D) Firm A will charge a higher price and firm B will charge a higher price

Correct Answer:

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