Asus -Dell and Asus Must Decide Whether to Lower Their Prices

Multiple Choice

Asus

-Dell and Asus must decide whether to lower their prices, based on the potential economic profits shown in the payoff matrix above (in millions of dollars) . In the Nash equilibrium,

A) both Dell and Asus lower prices.
B) both Dell and Asus keep prices high.
C) Dell keeps its prices high and Asus lowers its prices.
D) Asus keeps its prices high and Dell lowers its prices.