Question: Answer the question based on the payoff matrix for a duopoly in which the numbers indicate the profit in millions of dollars for each firm.

Answer the question based on the payoff matrix for a duopoly in which the numbers indicate the profit in millions of dollars for each firm. If Firm A adopts the high-price strategy, then Firm B would adopt the
A) high-price strategy and earn $325
B) low-price strategy and earn $325
C) high-price strategy and earn $250
D) low-price strategy and earn $175

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