-Consider the noncooperative, static, pricing game depicted in Figure 3.2. Firms A and B can charge a high price or a low price for their products. Payoffs are in thousands of dollars. If larger payoffs are preferred, the most likely focal-point equilibrium for this game is:
I. {High price, High price}.
II. {High price, Low price}.
III. {Low price, High price}.
IV. {Low price, Low price}.
Which of the following is correct?

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The Answer of 
-Consider the noncooperative, static, pricing game depicted in Figure 3.2. Firms A and B can charge a high price or a low price for their products. Payoffs are in thousands of dollars. If larger payoffs are preferred, the most likely focal-point equilibrium for this game is:
I. {High price, High price}.
II. {High price, Low price}.
III. {Low price, High price}.
IV. {Low price, Low price}.
Which of the following is correct?

-Consider the Noncooperative, Static, Pricing Game Depicted in Figure 3