The Payoff Matrix Shows All of the Following EXCEPT

question 49

Multiple Choice

The payoff matrix shows all of the following EXCEPT

• A) if both oligopolists choose a high price, each makes $6 million.
• B) if they both choose a low price, each makes $4 million.
• C) if one chooses a low price and the other doesn't, the low priced firm will make $8 million.
• D) if one oligopolist chooses a high price and the other doesn't, the high-priced firm makes $8 million.