Economics for Today 9th Edition by Irvin Tucker

تمرين 30

Suppose costs are identical for the two firms in Exhibit 10. Each firm assumes without formal agreement that if it sets the high price, its rival will not charge a lower price. Under these tit-for-tat conditions, equilibrium will be established by
A) Zeba Oil charging $100 and Tucker Oil charging $100.
B) Zeba Oil charging $100 and Tucker Oil charging $50.
C) Zeba Oil charging $50 and Tucker Oil charging $50.
D) Zeba Oil charging $50 and Tucker Oil charging $100.