The following table shows the pay-off matrix for West Ltd. and East Ltd. in an oligopolistic market. Each firm has two options: co-operate or start a price war. Refer to the table to answer the question. 
Which of the following is the Nash equilibrium outcome in this oligopoly?
Definitions:
Payment
The act of transferring money or its equivalent in exchange for goods or services.
Postage Stamps
Adhesive paper evidence of prepayment for postal services, used to send letters and packages.
Cash Equivalent
Short-term, highly liquid investment assets that are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value.
Money Market
A segment of the financial market where short-term funds are borrowed and lent, typically involving instruments with high liquidity and short maturities.
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