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1 1 point 1. Consider the following table showing the payoffs for two businesses forming a cartel: Plaza 900 Low Prices High Prices The equilibrium
1 1 point 1. Consider the following table showing the payoffs for two businesses forming a cartel: Plaza 900 Low Prices High Prices The equilibrium outcome is: Low Prices $70, $70 $30, $140 Emporium Cafe High Prices S140, $30 S90, $90 undefined $90; $90 $70; $70 $30, $140 or $140, $30
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