$\frac{s}{c}$

$\frac{5}{c}$

$\frac{2}{5}$

$\frac{0}{?}$

$\frac{?}{\text{b}\text{a}\text{r}}(5)$

$\frac{0}{2}$

$0$

$($Figure: Payoff Matrix for Blue Bottle and Opal Ocean$)$ Use Figure: Payoff Matrix for Blue Bottle and Opal Ocean. The figure shows the potential profits of two producers of bottled water. Each has two strategies available to it: a high price and a low price. The Nash equilibrium occurs when Blue Bottle charges a $q,$ price and Opal Ocean charges a $q,$ price.

$\backslash$table$[[\backslash$table$[[$Payoff Matrix for Blue Bottle$],[$and Opal Ocean$]],$Blue Bottle charges a high price,Blue Bottle charges a low price$],[\backslash$table$[[$Opal Ocean charges a high$],[$price$]],\backslash$table$[[$Blue Bottle earns $$20,000$ per week Opal$],[$Ocean earns $$20,000$ per week$]],\backslash$table$[[$Blue Bottle earns $$50,000$ per week Opal$],[$Ocean earns $$12,000$ per week$]]],[\backslash$table$[[$Opal Ocean charges a low$],[$price$]],\backslash$table$[[$Blue Bottle earns $-$$$2,000$ per week Opal$],[$Ocean earns $$50,000$ per week$]],\backslash$table$[[$Blue Bottle earns $$10,000$ per week Opal$],[$Ocean earns $$10,000$ per week$]]]]$

high; high

low; low

high; low

low; high