Two firms face the following profit matrix

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Two firms face the following profit matrix:

Given these profits, Firm 2 want to match Firm 1's price, but Firm 1 does not want to match Firm 2's price. Does wither firm have a dominant strategy? Does this game have a unique, pure strategy Nash equilibrium? Identify all pure- and mixed-strategy Nash equilibria?

Reference no: EM131236872

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