Given the payoff matrix below, answer the following questions:

Question 4 [5 points] Given the payoff matrix below, answer the following questions: Company D High Prices Low Prices B High Prices Company C $200,000 Company C $60,000 Company D $200,000 Company D $250,000 Company C C D Low Prices Company C $250,000 Company C $260,000 Company D $60,000 Company D $260,000 a) Using the payoff matrix, what is the appropriate description of the mutual interdependence that characterizes oligopolistic industries? O The firms C and D are interdependent because their profits depend not just on their own price, but also on the other firm's price. O None of the descriptions are appropriate in this situation. O The firms C and D are interdependent because their profits depend only on their own price O The firms C and D are dependent because their profits depend not just on their own price, but also on the other firm's price. b) Assuming no collusion between Company C and Company D, what is the likely profit outcome of Company C? Profit outcome = $0 c) Assuming no collusion between Company C and Company D, what is the likely profit outcome of Company D? Profit outcome = $0