Question: all infor provided Given the payo matrix below, answer the following questions: Company D Hill] Prices LOW Prices I'ICBS a. Company C$130,000 Company C $70,000

all infor provided

all infor provided Given the payo matrix below, answer the following questions:

Given the payo matrix below, answer the following questions: Company D Hill] Prices LOW Prices I'ICBS a. Company C$130,000 Company C $70,000 _* Company D$130,000 Company D$180,000 H h Company C LOW P FICBS Company C$180,000 Company C $190,000 Company D$?0,000 Company D$190,000 a] Using the payoff matrix, what is the appropriate description of the mutual interdependence that characterizes oligopolistlc industn'es? 0 "he rms C and D are interdependent because their profits depend only on their own price. 0 None of the descriptions are appropriate in this situation. 0 'he rms C and D are interdependent because their profits depend not just on their own price, but also on the other rm's price. 0 "he rms C and D are dependent because their profits depend not just on their own price, but also on the other rm's price. b] Assuming no collusion between Company C and Company D, what is the likely prot outcome of Company C? [Prot outcome = $I I cluAssuming no collusion between Company C and Company D, what is the likely prot outcome of Company D? [Prot outcome = $I

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