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Economics

Finding dominant strategies is often a very effective way of analyzing a game. Consider the following game: Microsoft and Apple are the two firms in the market for operating systems. Each firm has two strategies: charge a high price or charge a low price.

a. What (if any) is the dominant strategy for each firm?

b. Is there a Nash equilibrium? Briefly explain.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91737363

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