(Table: GoGo Gas and Fanny's Fantastic Fuel) Use Table: GoGo

Multiple Choice

(Table: GoGo Gas and Fanny's Fantastic Fuel) Use Table: GoGo Gas and Fanny's Fantastic Fuel. The table shows a payoff matrix for GoGo Gas and Fanny's Fantastic Fuel in a small town. Each firm can set either a high price or a low price, and customers view both gas stations as nearly perfect substitutes. Which statement describes the BEST response?
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A) GoGo will always set a low price, no matter Fanny's choice.
B) GoGo will always set a high price, no matter Fanny's choice.
C) GoGo will set a low price when Fanny sets a high price, but GoGo will set a high price when Fanny sets a low price.
D) GoGo will set a high price when Fanny sets a high price, but GoGo will set a low price when Fanny sets a low price.