The Following Matrix Gives the Profits (In Thousands of Dollars)for

Multiple Choice

The following matrix gives the profits (in thousands of dollars) for Firm 1 and Firm 2 from high-price,medium-price,and low-price pricing strategies:
Table 10-1

-Refer to Table 10-1.What is the equilibrium pair of strategies?

A) Low-price for Firm 1 and high-price for Firm 2
B) High-price for both Firm 1 and Firm 2
C) Medium-price for Firm 1 and low-price for Firm 2
D) High-price for Firm 1 and low-price for Firm 2
E) Low-price for both Firm 1 and Firm 2