(Table: GoGo Gas and Fanny's Fantastic Fuel) Use Table: GoGo Gas and Fanny's Fantastic Fuel. The table shows a payoff matrix for GoGo Gas and Fanny's Fantastic Fuel in a small town. Each firm can set either a high price or a low price, and customers view both gas stations as nearly perfect substitutes. The BEST response for Fanny is to:

A) always set a low price.
B) always set a high price.
C) set a low price when GoGo sets a high price, but set a high price when GoGo sets a low price.
D) Fanny does not have a best response.
Correct Answer:
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