Question 6 (8 points) Table A shows the pricing options for two hair salons, one operated by Sue and the other by Jane, as an oligopoly in a rural market. Which of the following pricing strategies does Table 3 depict? Table A Pricing strategies for Sue's Hair Salon when charging the LOW Price Pricing strategies for Sue's Hair Salon when charging the HIGH Price If Sue and Jane both charge LOW price, BOTH get $400 each If Sue charges the HIGH price and Jane charges the LOW price, Sue GETS $0, and Jane gets $800 If Jane charges HIGH price and Sue charges LOW price, Jane gets $0 and Sue gets $800 If Sue and Jane both charge the HIGH price, BOTH get $600 each TABLE 3 First First Second Second Total Period Period Period Period Profit in Choose Profit Choose Profit both High or High or periods low price low price Sue High Low $400 $400 Jane Low $800 Low $400 $1,200 ( a) Sue always plays "Tit-for-Tat" and Jane always plays "Tit-for-Tat." ( b) Sue always plays "Tit-for-Tat" and Jane always chooses the "Low" price. O c) Jane always plays "Tit-for-Tat" and Sue always chooses the "Low" price. ( d) Jane always chooses the "Low" price and Sue always chooses the "Low" price. ()When there is only a single period in which to choose and Jane does not know what Sue will do, Jane always chooses the Nash Noncooperative Equilibrium price strategy