Dr. Fine and Dr. Feelgood are the only two medical doctors offering immediate walk-in medical services in a small rural town. They operate in a two firm oligopoly. Each doctor can charge either a high price or a low price for a standard medical visit. Figure 1 shows their possible profits, based on each doctor's pricing strategy. Table 3 shows a particular set of pricing strategies. Which of the following does Table 3 depict?

A) Dr. Fine always plays "Tit-for-Tat" and Dr. Feelgood always plays "Tit-for-Tat."B) Dr. Fine always plays "Tit-for-Tat" and Dr. Feelgood always chooses the "Low" price.C) Dr. Feelgood always plays "Tit-for-Tat" and Dr. Fine always chooses the "Low" price.D) Dr. Feelgood always chooses the "Low" price and Dr. Fine always chooses the "Low" price.E) When there is only a single period in which to choose and Dr. Fine does not know what Dr.

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Figure 1. Dr Feelgood Low price High price $35 profit $O profit F Low pnce $35 profit $45 profit $45 profit $38 profit ea High pnce $0 profit $38 profit Table 3. FIRST Period SECOND Period Charges Payoffs (high or TOTAL charges Payoffs Payoffs (high or low) low)SiveHigh Fine Feelgood High 38 38 38 76 76 38Feelgood High