. (Modest x, Modest x) . (Modest 11:, Modest 1r) . (High 1:, Low Jr) The equilibrium outcome is (High, Low, High) v . The pricematching guarantee is thus had v for consumers and of intense competition. 3. Consider the extensive form game presented in the accompanying diagram. We assume that Crazy Eddie moves rst and can choose a high price or a low price. Loopy Larry then follows with a high price or a low price. Place the payoffs at the correct locations to accurately depict the game described above. The equilibrium outcome is (Low, High) ' 0 (High 1:, Low 1:) . (Modest 21', Modest 7:) . (High 21', High 1:) . (Low 7:, High 1!) The equilibrium outcome is (High, Low, High) ' . The pricematching guarantee is thus for (Low, Low) . . good consumers and etltlon. V(High, Low, High) vbad (High, Low, Low) (Low, High) (High, High)