Table B Pricing Matrix shows the pricing options for two car mechanics, Angela and Tom, operating in an oligopoly market. Which of the following pricing strategy scenarios does Table 10 depict, when there are at least two pricing periods expected?

Table B Pricing Matrix	Mechanic Angela LOW Price	Mechanic Angela HIGH Price
Mechanic Tom LOW Price	Mechanic Angela Charges LOW Price: gets $200 profit Mechanic Tom Charges LOW Price: gets $200 profit	Mechanic Angela Charges HIGH Price: gets $0 profit Mechanic Tom Charges LOW Price: gets $800 profit
Mechanic Tom HIGH Price	Mechanic Angela Charges LOW Price: gets $800 profit Mechanic Tom Charges HIGH Price: gets $0 profit	Mechanic Angela Charges HIGH Price: gets $400 profit Mechanic Tom Charges HIGH Price: gets $400 profit

Table 10 Pricing Strategy Scenario

Table 10	First Period Price Choice (High or Low)	First Period Profit	Second Period Price Choice (High or Low)	Second Period Profit	Total Profit for Both Periods
Mechanic Angela	High	$400	High	$400	$800
Mechanic Tom	High	$400	High	$400	$800

a. Mechanic Tom plays Tit-for-Tat and Mechanic Angela cheats.

b. Mechanic Tom plays Tit-for-Tat and Mechanic Angela plays Tit-for-Tat.

c. Mechanic Angela plays Tit-for-Tat and Mechanic Tom cheats.

d. Mechanic Angela cheats and Mechanic Tom cheats.

e. When there is only a single period in which to choose and Mechanic Tom does not know what Mechanic Angela will do, Mechanic Tom chooses the Nash Non-cooperative Equilibrium price strategy.

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