In a simultaneous move game if both charge the low price lp, Business Economics

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In a simultaneous move game if both charge the low price lp

In a simultaneous move game, if both charge the low price (LP) they each earn $5K. If both charge the high price (HP) they each earn $10K. If they charge different prices, the one playing LP earns $15K and the other earns $1K. The Nash Equilibrium will be

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Business Economics: In a simultaneous move game if both charge the low price lp

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Business Economics: In a simultaneous move game if both charge the low price lp

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