Question: please help solve Question 18 (1 point) Consider the following output-choice game for two firms: Firm 2 - low Firm 2 - medium Firm 2

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please help solve Question 18 (1 point) Consider the following output-choice game

Question 18 (1 point) Consider the following output-choice game for two firms: Firm 2 - low Firm 2 - medium Firm 2 - high Firm 1 - low 150, 150 100, 160 75, 100 Firm 1 - medium 160, 100 110, 110 50, 75 Firm 1 - high 100, 75 75, 50 0, 0 What is the outcome of the game if both firms use maximin strategies? A) There are two possible maximin outcomes --- Firm 1 chooses medium and Firm 2 chooses low, or Firm 1 chooses low and Firm 2 chooses medium. (B) Both firms choose medium output levels. (C) There is no clear outcome under a maximin strategy for both firms. (D) Both firms choose low output levels

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