In the game depicted below, firms 1 and 2 must independently decide whether to charge high or low prices. Which of the following are secure strategies for players 1 and 2, respectively?
A) (high price, high price)
B) (high price, low price)
C) (low price, high price)
D) (low price, low price)

Question

In the game depicted below, firms 1 and 2 must independently decide whether to charge high or low prices.  Which of the following are secure strategies for players 1 and 2, respectively?
A) (high price, high price) 
B) (high price, low price) 
C) (low price, high price) 
D) (low price, low price)

Quizplus · Accepted Answer

The Answer of In the game depicted below, firms 1 and 2 must independently decide whether to charge high or low prices.  Which of the following are secure strategies for players 1 and 2, respectively?
A) (high price, high price) 
B) (high price, low price) 
C) (low price, high price) 
D) (low price, low price)

In the Game Depicted Below, Firms 1 and 2 Must