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5. Below is an oligopoly version of the prisoner's dilemma dealing with two major video game makers Sony Playstation Nintendo Raise prices Lower prices

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5. Below is an oligopoly version of the prisoner's dilemma dealing with two major video game makers Sony Playstation Nintendo Raise prices Lower prices Ninc 60 Nin: +10 Raise prices So: +60 Sa: +90 Nin: +90 Nin: 30 Lower Prices So: 10 Sa: 30 a. If they cooperate, would they choose a high price or low price? b. What happens if they do not cooperate? If they don't, should they choose a high or low price? c. Regardless of what their competitor does, should they raise or lower prices?

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