Use the Table, with Data for Gizelle and Devin, to Answer

Multiple Choice

Use the table, with data for Gizelle and Devin, to answer the question
Use the check mark method to determine which cell, if any, has a Nash equilibrium, and then choose the correct description.
$\text { Table: Gizelle's and Devin's Smoothie Shops }$
$\begin{array}{|l|l|l|}\hline & {\text { Devin's price }=\$ 6} & {\text { Devin's price }=\$ 8} \\\hline \text { Gizelle's price }= & \text { Gizelle's profit }=\$ 3,000 & \text { Gizelle's profit }=\$ 6,000 \\\$ 7 & \text { Devin's profit }=\$ 2,500 & \text { Devin's profit }=\$ 1,000 \\\hline \text { Gizelle's price }= & \text { Gizelle's profit }=\$ 1,000 & \text { Gizelle's profit }=\$ 5,000 \\\$ 9 & \text { Devin's profit }=\$ 5,000 & \text { Devin's profit }=\$ 4,000 \\\hline\end{array}$

A) The Nash equilibrium is Gizelle earning profit of $5,000 and Devin earning profit of $4,000.
B) The Nash equilibrium is Gizelle earning profit of $1,000 and Devin earning profit of $5,000.
C) The Nash equilibrium is Gizelle earning profit of $6,000 and Devin earning profit of $1,000.
D) The Nash equilibrium is Gizelle earning profit of $3,000 and Devin earning profit of $2,500.