The Following Payoff Matrix Shows the Possible Profits That Each

The following payoff matrix shows the possible profits that each firm will earn under different pricing strategies. The firms can choose to have lower prices in order to lure away customers from the competitors or higher prices in order to increase their profits. The profits are measured in million dollars. In the game, _____.Figure 9.5:

A) if General Mills prices high, Kellogg's is better off pricing high
B) if General Mills prices high, Kellogg's is better off pricing low
C) if Kellogg's prices high, General Mills is better off pricing high
D) the Nash equilibrium is to keep prices high
E) neither firm has a dominant strategy