Table 14-8 Two Rival Oligopolists in the Athletic Supplements Industry, the Power

Table 14-8

Two rival oligopolists in the athletic supplements industry, the Power Fuel Company and the Brawny Juice Company, have to decide on their pricing strategy.Each can choose either a high price or a low price.Table 14-8 shows the payoff matrix with the profits that each firm can expect to earn depending on the pricing strategy it adopts.
-Refer to Table 14-8.If the firms cooperate, what prices will they select?

A) Both firms will select a low price.
B) Brawny Juice will select a high price; Power Fuel a low price.
C) Both firms will select a high price.
D) Brawny Juice will select a low price; Power Fuel a high price.