(Figure: Oligopoly Pricing Strategy in Wireless TV Market II) Use

Multiple Choice

(Figure: Oligopoly Pricing Strategy in Wireless TV Market II) Use Figure: Oligopoly Pricing Strategy in Wireless TV Market II. The Nash equilibrium in the cable TV market occurs when:
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A) both firms set a low price, and each earns $90,000.
B) both firms set a high price, and each earns $100,000.
C) Spectrum sets a high price and earns $80,000, and Sling sets a low price and earns $130,000.
D) Spectrum sets a low price and earns $130,000, and Sling sets a high price and earns $80,000.