-Consider the Pricing Game Depicted in Figure 13

Multiple Choice

-Consider the pricing game depicted in Figure 13.7. Payoffs are in millions of dollars. Suppose that firm A believes that regardless of its strategy, there is a 25 percent chance that firm B will charge a high price and an 75 percent chance that firm B will charge a low price. What is the riskier strategy profile for firm A?

A) {High price 6 High price}
B) {High price 6 Low price}
C) {Low price 6 High price}
D) {Low price 6 Low price}