-Consider the Pricing Game Depicted in Figure 5

Multiple Choice

-Consider the pricing game depicted in Figure 5.5 in which the payoffs are in millions of dollars. If this game is played seven times, the Nash equilibrium strategy profile in the first stage is:

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