Question: Two ice cream trucks A&B are playing a simultaneous pricing game. If one of them prices low, he gets all the customers, a payoff of

Two ice cream trucks A&B are playing a simultaneous pricing game. If one of them prices low, he gets all the customers, a payoff of 12, while other gets zero. If both price high they each get a payoff of 6 and if both price low, they get a payoff of 5.

What is the Nash equilibrium of this game?

a.Both the vendors price highb.Vendor A prices high, vendor B prices lowc.Vendor B prices high, vendor A prices lowd.Both the vendors price low

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