Question: Answer the question based on the following payoff matrix for a duopoly of Wilson Athletics and Kobe Ball Company (the two firms are making up

Answer the question based on the following payoff matrix for a duopoly of Wilson Athletics and Kobe Ball Company (the two firms are making up the ball market). The numbers indicate the profit in millions of dollars for a high-price or a low-price strategy.

Refer to the above payoff matrix.

Econ Ball C0. High Price Low Price High Price $1000, $1000 $50, $2000 Wilson Athletics LOW Price $2000, $50 $100, $100

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