(Figure: Payoff Matrix for Blue Bottle and Opal Ocean) Use

Multiple Choice

(Figure: Payoff Matrix for Blue Bottle and Opal Ocean) Use Figure: Payoff Matrix for Blue Bottle and Opal Ocean. 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 occurs when Blue Bottle charges a _____ price and Opal Ocean charges a _____ price.
​

A) high; high
B) low; low
C) high; low
D) low; high
​