(Figure: Nike and Reebok Sales) Use Figure: Nike and Reebok

Multiple Choice

(Figure: Nike and Reebok Sales) Use Figure: Nike and Reebok Sales. Reebok and Nike must decide whether to have a sale or not, based on the potential economic profits shown in the table. Which of these is true?
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A) There is no Nash equilibrium.
B) If Nike lowers its prices, Reebok should keep its prices high.
C) Neither shoe company has a best response.
D) Both Reebok and Nike would jointly be better off if they could each keep their prices high.