Explain the nash equilibria of a widespread form game

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Q1. "For you and your neighbor to specialize and trade, it must be that the price at which you or your neighbor sells the product is higher than its opportunity cost. Suppose the price of apples is 1 apple = p cherries." why is the price of apples = p cherries? Isn't p = price??

Q2. To find and explain the Nash equilibria of a widespread form game can I use the equivalent normal form game to do that?

Reference no: EM138282

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