1 Which of the following are Prisoners’ Dilemma games? (Firm one’s profit is the top number while Firm two’s profit is the bottom number in each square.)

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Firm 1 Low prices High prices Firm 2 High prices Low prices $1,000 $1.000 $0 $1,500 $1,500 $500 $0 $500 Firm 2 High prices Low prices Firm 1 Low prices High prices $1,000 $1,000 $0 $0 $500 $500 Firm 1 Low prices High prices Firm 1 Low prices High prices Firm 2 High prices Low prices $1,000 $0 $1,000 $1,500 $1,500 $2,500 $0 $2,500 Firm 2 High prices Low prices $5,000 $800 $5,000 $6,500 $6,500 $3,000 $800 $3,000