-Consider the Pricing Game Depicted in Figure 1

Multiple Choice

-Consider the pricing game depicted in Figure 1.5 in which payoffs are in thousands ofdollars. If larger payoffs are preferred, the Nash equilibrium strategy profile for this game is:

A) {High price, High price}.
B) {Low price, Low price}.
C) {High price, Low price}.
D) {Low price, High price}.