MGEB31H3 Study Guide - Miscibility, Chemical Formula, Pentyl Group
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20 Aug 2014
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Exhibit 15-5
Kellogg's | |||
Price High | Price Low | ||
General Mills | Price High | GM: $50 mil | GM: $10 mil |
Price Low | GM: $100 mil | GM: $25 mil | |
Refer to Exhibit 15-5. In the game:
Question 20 options:
if General Mills prices high, Kellogg's is better off pricing high. | |
if General Mills prices high, Kellogg's is better off pricing low. | |
if Kellogg's prices high, General Mills is better off pricing high. | |
the Nash equilibrium is for both firms to price high. |