- Refer to the Above Payoff Matrix

- Refer to the above payoff matrix. Assume that firm B adopts a low-price strategy while firm A maintains a high-price strategy. Compared to the results from a high-price strategy for both firms, firm B will now:

A) lose $75 million in profit and firm A will gain $50 million in profit.
B) gain $50 million in profit and firm A will lose $50 million in profit.
C) gain $75 million in profit and firm A will lose $50 million in profit.
D) gain $50 million in profit and firm A will lose $75 million in profit.