Refer to the Following Game If This One-Shot Game Is Repeated Three Times,the Nash Equilibrium

question 47

Multiple Choice

Refer to the following game. $\begin{array}{l}\quad\quad\quad\quad\quad\text { Firm B }\\\text { Firm A}\begin{array}{|l|l|l|}\hline & \text {Low Price } & \text { High Price } \\\hline \text {Low Price } & (10,9) & (15,8) \\\hline \text { High Price } & (-10,7) & (11,11) \\\hline\end{array}\end{array}$ If this one-shot game is repeated three times,the Nash equilibrium payoffs for firms A and B will be ______ each period.

• A) (10, 9)
• B) (11, 11)
• C) (?10, 7)
• D) (15, 8)

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