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Homework(Ch 17) Capturesque Pricing High Low High 1, 13 Padmania Pricing LOW 13, For example, the lower-left cell shows that if Padmania prices low and Capturesque prices high, Padmania will earn a profit of $13 million, and Capturesque will earn a profit of $4 million. Assume this is a simultaneous game and that Padmania and Capturesque are both profit- maximizing firms. If Padmania prices high, Capturesque will make more profit if it chooses a It price, and if Padmania prices low, Capturesque will make more profit if it chooses a _ price. If Capturesque prices high, Padmania will make more profit if it chooses a price, and if Capturesque prices low, Padmania will make more profit if it chooses a _ _ price. Considering all of the information given, pricing low a dominant strategy for both Padmania and Capturesque- If the firms do not collude, what strategies will they end up choosing? Padmania will choose a low price, and Capturesque will choose a high price. Both Padmania and Capturesque will choose a high price. O Padmania will choose a high price, and Capturesque will choose a low price. O' Both Padmania and Capturesque will choose a low price. True or False: The game between Padmania and Capturesque is an example of the prisoners dilemma. O True O False Grade It Now Save & Continue Continue without saving