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Peter and Olga live near a lake with open fishing, and both have fishing boats there. They are the only two providers of fish to their local fish market. What is likely to happen if the local fish market maintains a Nash equilibrium? Fish prices will fall due to competitive pressures. The supply of fish will dwindle due to overfishing. The supply of fish will flourish due to underfishing. Peter and Olga will obtain the maximum possible profits.

Sagot :

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