4) (12 pts) For the following payoif matrix, answer the following. Be sure to Justify your choice. Low Price High PriceLow Price $200, $500 $600, $600$0, $1300 $400, $1000 What is the outcome in this game?What price will Firm A charge? How much will they earn? What price will Firm B charge? How much will they earn
Low Price High
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