Consider Figure 8.9. If the players choose independently, what will be the outcome?

A. Becky chooses a low price and David chooses a low price.
B. Becky chooses a high price and David chooses a low price.
C. Becky chooses a low price and David chooses a high price.
D. Becky chooses a high price and David chooses a high price.


Answer: A

Economics

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