Question: the next question based on the following payoff matrix for a duopoly. The numbers indicate the profit in thousands of dollars for a high-price or

the next question based on the following payoff matrix for a duopoly. The numbers indicate the profit in thousands of dollars for a high-price or a low-price strategy Firm X High Price Low Price Firm Y High price X = $625 X = $725 Y = $625 Y = $475 Low price X = $475 X = $400 Y = $725 Y = $400 Refer to the above payoff matrix. If both firms operate independently and do not collude, the most likely profit is

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