QUESTION 15 Note: No referencing is required for short answer questions. The following market is a duopoly populated only by the comparias Alpha and Beta. The pay-off matrix immediately below shows the combinations of pricing strategies available to the two companies, The numbers represent millions of dollars in proft (The negative sign indicates a long) Assuming Alpha and Bata act in their own self-interest. explain what wil be the most likely pay-off for these firms in (0 a pre-that game and DO an indnicely repeated game. Make reference to the concept of Nath equilibrium in your answer. Beta High price Low price High price 100, 200 -50, 250 Alpha Low price 200, 100 0. 100