-The Only Two Firms in a Market Are Trying to Decide

Multiple Choice

-The only two firms in a market are trying to decide what price to charge. The payoff matrix for this duopoly game is shown above. The payoffs are thousands of dollars of economic profit. In the above game, in the Nash equilibrium,

A) Firm A is making $60,000 and Firm B is making $55,000 in economic profit.
B) Firm A and Firm B are both making $55,000 in economic profit.
C) Firm A and Firm B are both making $35,000 in economic profit.
D) Firm A and Firm B are both making $40,000 in economic profit.
E) Firm A and Firm B are both making $60,000 in economic profit.