KL PRICE 800 900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 1,900 0 0 0 0 0 ° 397 793 1,190 1,587 1,983 2,380 1,800 0 ° 0 ° 358 715 1,073 1,431 1,788 2,146 2,503 1,700 0 0 0 319 637 956 1,275 1,593 1,912 2,230 2,549 1,600 0 0 0 280 559 839 1,119 1,398 1,678 1,957 2,237 2,517 1,500 0 241 481 722 963 1,203 1,444 1,684 1,925 2,166 2,406 1,400 202 403 605 807 1,008 1,210 1,411 1,613 1,815 2,016 2,016 1,300 163 325 488 651 813 976 1,138 1,301 1,464 1,626 1,626 1,626 1,200 247 371 495 618 742 865 989 1,113 1,236 1,236 1,236 1,236 1,100 254 339 423 508 592 677 762 846 846 846 846 846 1,000 183 228 274 319 365 411 456 456 456 456 456 456 900 33 40 46 53 60 66 66 66 66 66 66 66 800 -194 -227 -259 -291 -324 -324 -324 -324 -324 -324 -324 -324 LAL PRICE 800 900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 1900 -160 230 620 1010 1400 1790 1962 2056 2072 2010 1870 1652 1800 -160 230 620 1010 1400 1611 1744 1799 1776 1675 1496 1239 1700 -160 230 620 1010 1260 1432 1526 1542 1480 1340 1122 826 1600 -160 230 620 909 1120 1253 1308 1285 1184 1005 748 413 1500 -160 230 558 808 980 1074 1090 1028 888 670 374 1400 -160 207 496 707 840 895 872 771 592 335 0 1300 -144 184 434 606 700 716 654 514 296 0 0 1200 -128 161 372 505 560 537 436 257 0 0 1100 -112 138 310 404 420 358 218 O 0 0 0 1000 -96 115 248 303 280 179 ° 0 ° ° 900 -80 92 186 202 140 0 0 0 ° 0 800 -64 69 124 101 0 0 0 0 0 O 0 0
KL PRICE 800 900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 1,900 0 0 0 0 0 ° 397 793 1,190 1,587 1,983 2,380 1,800 0 ° 0 ° 358 715 1,073 1,431 1,788 2,146 2,503 1,700 0 0 0 319 637 956 1,275 1,593 1,912 2,230 2,549 1,600 0 0 0 280 559 839 1,119 1,398 1,678 1,957 2,237 2,517 1,500 0 241 481 722 963 1,203 1,444 1,684 1,925 2,166 2,406 1,400 202 403 605 807 1,008 1,210 1,411 1,613 1,815 2,016 2,016 1,300 163 325 488 651 813 976 1,138 1,301 1,464 1,626 1,626 1,626 1,200 247 371 495 618 742 865 989 1,113 1,236 1,236 1,236 1,236 1,100 254 339 423 508 592 677 762 846 846 846 846 846 1,000 183 228 274 319 365 411 456 456 456 456 456 456 900 33 40 46 53 60 66 66 66 66 66 66 66 800 -194 -227 -259 -291 -324 -324 -324 -324 -324 -324 -324 -324 LAL PRICE 800 900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 1900 -160 230 620 1010 1400 1790 1962 2056 2072 2010 1870 1652 1800 -160 230 620 1010 1400 1611 1744 1799 1776 1675 1496 1239 1700 -160 230 620 1010 1260 1432 1526 1542 1480 1340 1122 826 1600 -160 230 620 909 1120 1253 1308 1285 1184 1005 748 413 1500 -160 230 558 808 980 1074 1090 1028 888 670 374 1400 -160 207 496 707 840 895 872 771 592 335 0 1300 -144 184 434 606 700 716 654 514 296 0 0 1200 -128 161 372 505 560 537 436 257 0 0 1100 -112 138 310 404 420 358 218 O 0 0 0 1000 -96 115 248 303 280 179 ° 0 ° ° 900 -80 92 186 202 140 0 0 0 ° 0 800 -64 69 124 101 0 0 0 0 0 O 0 0
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Transcribed Image Text:What is (are) the Nash equilibrium of this pricing game?
Transcribed Image Text:KL
PRICE
800
900
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
1,900
0
0
0
0
0
0
397
793
1,190
1,587
1,983
2,380
1,800
0
0
0
0
358
715
1,073
1,431
1,788
2,146
2,503
1,700
0
0
0
0
319
637
956
1,275
1,593
1,912
2,230
2,549
1,600
0
0
0
280
559
839
1,119
1,398
1,678
1,957
2,237
2,517
1,500
0
0
241
481
722
963
1,203
1,444
1,684
1,925
2,166
2,406
1,400
202
403
605
807
1,008
1,210
1,411
1,613
1,815
2,016
2,016
1,300
163
325
488
651
813
976
1,138
1,301
1,464
1,626
1,626
1,626
1,200
247
371
495
618
742
865
989
1,113
1,236
1,236
1,236
1,236
1,100
254
339
423
508
592
677
762
846
846
846
846
846
1,000
183
228
274
319
365
411
456
456
456
456
456
456
900
33
40
46
53
60
66
66
66
66
66
66
66
800
-194
-227
-259
-291
-324
-324
-324
-324
-324
-324
-324
-324
LAL
PRICE
800
900
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
1900
-160
230
620
1010
1400
1790
1962
2056
2072
2010
1870
1652
1800
-160
230
620
1010
1400
1611
1744
1799
1776
1675
1496
1239
1700
-160
230
620
1010
1260
1432
1526
1542
1480
1340
1122
826
1600
-160
230
620
909
1120
1253
1308
1285
1184
1005
748
413
1500
-160
230
558
808
980
1074
1090
1028
888
670
374
1400
-160
207
496
707
840
895
872
771
592
335
0
1300
-144
184
434
606
700
716
654
514
296
0
0
1200
-128
161
372
505
560
537
436
257
0
0
0
1100
-112
138
310
404
420
358
218
0
0
0
0
1000
-96
115
248
303
280
179
0
0
0
0
°
900
-80
92
186
202
140
0
0
0
0
800
-64
69
124
101
0
0
0
0
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