Refer to the Following Normal Form Game of Price Competition

Multiple Choice

Refer to the following normal form game of price competition for questions 20 - 23.

-Suppose the game is infinitely repeated.What strategies will each firm utilize?

A) Firm A will charge a lower price and firm B will charge a lower price
B) Firm A will charge a higher price and firm B will charge a lower price
C) Firm A will charge a lower price and firm B will charge a higher price
D) Firm A will charge a higher price and firm B will charge a higher price