Abbott and Costello Are Two Firms That Compete with Each

Multiple Choice

Abbott and Costello are two firms that compete with each other in the market for ice-cream.They can price their product at a high,medium,or low price.The following matrix shows their profits from their respective pricing strategies.
Table 15-3
-Refer to Table 15-3.When Abbott chooses the high-pricing strategy,Costello's highest possible profit is:

A) $115
B) $100
C) $107
D) $21