Scenario: Payoff Matrix for Firms X and Y the Following

Scenario: Payoff Matrix for Firms X and Y The following payoff matrix depicts the profits for firms X and Y, which are trying to decide whether to choose a high or low price in their competitive strategy with each other.They are the only two firms in this oligopolistic industry.
(Scenario: Payoff Matrix for Firms X and Y) In the scenario Payoff Matrix for Firms X and Y, if firms such as firm X and firm Y wish to maximize joint profits, they should:

A) each choose their dominant strategy.
B) have one choose a dominant strategy and the other choose a nondominant strategy.
C) consider their specific situation before choosing a strategy, since strategies also entail costs.
D) each choose a nondominant strategy.