Business, 25.08.2021 23:30 nrosario33

Two ice cream trucks A&B are playing a simultaneous pricing game. If one of them prices low, he gets all the customers, a payoff of 12, while other gets zero. If both price high they each get a payoff of 6 and if both price low, they get a payoff of 5. Does the Nash equilibrium yield maximum profit?

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Two ice cream trucks A&B are playing a simultaneous pricing game. If one of them prices low, he...