(Figure: Payoff Matrix for Ozarka and Deer Park) Use Figure

Multiple Choice

(Figure: Payoff Matrix for Ozarka and Deer Park) Use Figure: Payoff Matrix for Ozarka and Deer Park. The figure shows the potential profits of two producers of bottled water. Each has two strategies available to it: a high price and a low price. The Nash equilibrium is:
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A) Ozarka charges a low price, Deer Park charges a high price.
B) Ozarka charges a low price, Deer Park charges a low price.
C) Ozarka charges a high price, Deer Park charges a low price.
D) Ozarka charges a high price, Deer Park charges a high price.