The Following Table Shows the Payoff Matrix of the Two

Multiple Choice

The following table shows the payoff matrix of the two firms (Firm X and Firm Y) , in dollars, when they advertise and when they do not advertise.Table 12.1

-According to the Table 12.1, if the firms collude and decide not to advertise, then their combined payoff is:

A) $250.
B) $260.
C) $330.
D) $300.
E) $280