Return to the Price-Matching Guarantees game of Section 6.2. a. Suppose both shops set the same… 1 answer below »

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Return to the Price-Matching Guarantees game of Section 6.2.

a. Suppose both shops set the same price and the price exceeds 55. Is this situation a Nash equilibrium? b. Suppose both shops set the same price and the price is less than 10. Is this situation a Nash equilibrium?

c. Derive all undominated symmetric Nash equilibria.