(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 BEST response for Opal Ocean is to:
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A) charge a low price.
B) charge a high price.
C) adopt the same strategy as Blue Bottle.
D) Opal Ocean does not have a best response.