Figure 17-4

Figure 17-4. Two companies, Acme and Bilco, are sellers in the same market. Each company decides whether to charge a high price or a low price. In the figure, the dollar amounts are payoffs and they represent annual profits for the two companies.

-Refer to Figure 17-4.If the two companies make their pricing decisions independently,then it is likely that Acme will

A) charge a high price only if Bilco charges a high price.
B) charge a high price only if Bilco charges a low price.
C) charge a high price regardless of whether Bilco charges a high price or a low price.
D) None of the above are correct.