Apps - Login . Blackboard Webmail S Seneca College - H... SenecaOnTheHub @ Seneca Libraries On... Remaining Time: 1 hour, 26 minutes. 55 seconds. Question Completion Status: Moving to another question will save this response. Question 26 Question 26 of 28 10 points Answer all parts Save Answe Part i) (6 marks) Consider the following payoff matrix in which the numbers indicate the profit in millions of dollars for a duopoly based either on a high-price or a low-price strategy. Firm A High-price Low-price A = $150 A = $200 Firm B High-price B = $150 B = $90 A = $ 90 A = $100 Low-price B = $200 B = $100 (a) What will be the result when each firm chooses a high-price strategy? (b) What will be the result when Firm A chooses a low-price strategy while Firm B maintains a high-price strategy? (c) What will be the result when Firm B chooses a low-price strategy while Firm A maintains a high-price strategy? d) What will be the result when each firm chooses a low-price strategy? (e) What two conclusions can you draw about collusion? Activate Windows Part ii) (4 marks) Go to Settings to activate V Can non-collusive behaviour happen in the price leadership model with Oligopolies? Explain. Type your answers in the box area below. DENG WhatsApp Take Test: Final Exa