Refer to the Following Game What Are the Nash Equilibrium Strategies for Firm a and

question 28

Multiple Choice

Refer to the following game. $\begin{array}{l}\quad\quad\quad\quad\quad\text { Firm B }\\\text { Firm A}\begin{array}{|l|l|l|}\hline & \text {Low Price } & \text { High Price } \\\hline \text { Low Price } & (9,10) & (8,15) \\\hline \text { High Price } & (7,-10) & (11,11) \\\hline\end{array}\end{array}$ What are the Nash equilibrium strategies for firm A and firm B respectively?

• A) (low price, low price)
• B) (high price, high price)
• C) (low price, high price)
• D) (low price, low price) and (high price, high price)