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This question examines the oligopoly market for lattes on the University of Florida campus. You will use a normal form game to examine the incentives...
BB charges $3.00BB: $65
CC: $105BB: $80
CC: $80
Task 1: Does Books and Beans (BB) have a dominant pricing strategy? If so, what is its dominant strategy?
Task 2: Does Campus Coffee (CC) have a dominant pricing strategy? If so, what is its dominant strategy?
Task 3: Identify any Nash equilibriums in this pricing game. Hint: It is considered good form to denote outcomes by the strategy combination that gets you there, not by the resulting payoffs.
Task 4: Could the two firms do better than the Nash equilibrium by colluding and choosing another strategy?
