Use the Following to Answer Questions

question 101

Multiple Choice

Use the following to answer questions:
Figure: Pricing Strategy in Cable TV Market II
-(Figure: Pricing Strategy in Cable TV Market II) Look at the figure Pricing Strategy in Cable TV Market II. The Nash equilibrium in the cable TV market occurs when:

• A) both firms set a low price and each earns $90,000 per month.
• B) both firms set a high price and each earns $100,000 per month.
• C) CableNorth sets a high price and earns $80,000 per month, and CableSouth sets a low price and earns $130,000 per month.
• D) CableNorth sets a low price and earns $130,000 per month, and CableSouth sets a high price and earns $80,000 per month.

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