(Table) Referring to the game theory table for Norm and Pete,which statement BEST describes the...
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Economics
(Table) Referring to the game theory table for Norm and Pete,which statement BEST describes the scenario displayed in the table?Neither Norm nor Pete has a dominant strategy. Pete's dominantstrategy is a high price. Norm's dominant strategy is a low price.The most likely outcome is that both charge a high price.
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