Two competing firms, Quick Shop and Fast Mart, are trying to…
Two competing firms, Quick Shop and Fast Mart, are trying to decide whether to charge a low price or a high price for their biggest seller: veggie burgers. The resulting combination of their strategies determines how much profit each earns this week. Below you, are provided a normal form game table for this strategic interaction. Does this game have one or more Nash Equilibria? If so, identify each Nash Equilibrium.