​Refer to the Following Normal Form Game of Price Competition

question 3

Multiple Choice

​Refer to the following normal form game of price competition question

-​What is the Nash equilibrium of this one-shot game?

• A)​Firm A will charge a lower price and firm B will charge a lower price
• B)Firm A will charge a higher price and firm B will charge a lower price
• C)Firm A will charge a lower price and firm B will charge a higher price
• D)​Firm A will charge a higher price and firm B will charge a higher price