Exhibit 11-4 -Refer to Exhibit 11-4. If the Game Is Played Only

Multiple Choice

Exhibit 11-4
-Refer to Exhibit 11-4. If the game is played only once, each firm will price so that

A) one charges the monopoly price and the other charges the competitive price.
B) both charge the competitive price.
C) both firms make economic profits.
D) both charge the monopoly price.
E) one charges a substantially lower price than the other.