3. Suppose you have two firms who dominate the market for smart phones, Peach Corporation and Bonjour, Inc. These firms face the following potential profits: a) if Peach and Bonjour both raise prices then each will receive a profit of $2 billion; b) if Peach and Bonjour both choose to lower prices then each will make a profit of $1 billion; c) if Peach raises its price and Bonjour lowers its price, then Peach will make a loss of $1 billion and Bonjour will make a profit of $3 billion; d) if Peach lowers its price and Bonjour raises its price then Peach will make a profit of $3 billion and Bonjour will make a loss of $1 billion. Assume the two firms have similar costs