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Figure: Payoff Matrix II for Blue Spring and Purple Rain Use the following to answer question: Figure: Payoff Matrix II for Blue Spring and Purple Rain   -(Figure: Payoff Matrix II for Blue Spring and Purple Rain) Use Figure: Payoff Matrix II for Blue Spring and Purple Rain.The figure describes two producers of bottled water.If both firms follow a tit-for-tat strategy,then: A) both firms will charge a high price. B) both firms will charge a low price. C) Blue Spring will charge a high price,and Purple Rain will charge a low price. D) Purple Rain will charge a high price,and Blue Spring will charge a low price.
-(Figure: Payoff Matrix II for Blue Spring and Purple Rain) Use Figure: Payoff Matrix II for Blue Spring and Purple Rain.The figure describes two producers of bottled water.If both firms follow a tit-for-tat strategy,then:


A) both firms will charge a high price.
B) both firms will charge a low price.
C) Blue Spring will charge a high price,and Purple Rain will charge a low price.
D) Purple Rain will charge a high price,and Blue Spring will charge a low price.

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