(Bertrand’s duopoly game with discrete prices) Consider the variant of the example of Bertrand’s… 1 answer below »

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(Bertrand’s duopoly game with discrete prices) Consider the variant of the example of Bertrand’s duopoly game in this section in which each firm is restricted to choose a price that is an integral number of cents. Assume that c is an integral number of cents and that α > c + 1. Is (c, c) a Nash equilibrium of this game? Is there any other Nash equilibrium?