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Question
Super J and Duper J manufacture turbine generators and decide simultaneously whether to charge a low price PL or a high price PH for their products. If both firms charge PL, they make a profit of $80 m. If both firms charge PH, they make a profit of $100 m. When the two firms charge different prices, the firm charging PL makes a profit of $ 140 m, while the firm charging PH makes a profit of $25m. a (2). Provide the normal-form representation of the game.b (2). Is there a dominant strategy for SuperJ?c (2). Is there a dominant strategy for DuperJ?d (4). Find the Nash equilibrium of the game.
