6 Question 6 (8 points) Table B shows the pricing options for two medical doctors operating as an oligopoly in a rural market. Which of the following pricing strategies does Table 8 depict? CO 9 Table B Pricing strategies Dr. Good Pricing strategies Dr. Good charges LOW Price charges HIGH Price If Dr. Good and Dr. Fine both If Dr. Good charges the HIGH charge LOW price, BOTH get PRICE and Dr. Fine charges the $350 each LOW PRICE, Dr. Good GETS $0, and Dr. Fine gets $700 If Dr. Fine charges HIGH PRICE| If Dr. Good and Dr. Fine both and Dr. Good charges LOW charge the HIGH PRICE, BOTH PRICE, Dr. Fine gets $0 and Dr. |get $500 each Good gets $700 TABLE First First Second Second Total 8 Period Period Period Period Profit in Choose Profit Choose Profit both High or High or periods low price low price Dr. Good | High $0 Low $350 $350 Dr. Fine Low $700 Low $350 $1,050 a) Dr. Fine always plays "Tit-for-Tat" and Dr. Good always plays "Tit-for-Tat." b) Dr. Fine always plays "Tit-for-Tat" and Dr. Good always chooses the "Low" price. Dr. Good always plays "Tit-for-Tat" and Dr. Fine always chooses the "Low" price. Od) Dr. Good always chooses the "Low" price and Dr. Fine always chooses the "Low" price. Oe) When there is only a single period in which to choose and Dr. Fine does not "know what Dr. Good will do, Dr. Fine always chooses the Nash Noncooperative Equilibrium price strategy. O oy e Hitt