Answer the next question based on the following payoff matrix for two oligopolistic firms in which the numbers indicate the profit in millions of dollars for each firm.  Firm A? High PriceLow PriceFirm BHigh priceA = $250A = $325??B = $250B = $200?Low priceA = $200A = $175??B = $325B = $175If firm A adopts the low-price strategy, then firm B would adopt the

A. low-price strategy and earn $325.
B. high-price strategy and earn $250.
C. high-price strategy and earn $200.
D. low-price strategy and earn $175.


Answer: C

Economics

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