6. Using a pavolf matrix to deterinine the equilibriurn outcome Fuppose that zoprite and Citfon aid the ony two firmis in a fivpothebical maiket that produce and seil electric scooters. The following payoff matrix gives prodit scenanos foe each company (in milions uf dollara). depending on whether it chooses to set a high or low Dice for scooteis. profit of 52 milhon. Astume this is is simaitaneoos game and that Zipaide and Citron are beth profitumaxirming tirms. If Ripride prices heghy, Catron wil make ment proft if it chooses a prici, and if Jopeide prices low, Citron will make more profat if it chooses a price. If Citron prices high, Zipride will make more proft if it chooses a price, and if Citron prices low, Zipeide will make moee profit if it choostes at price. Corsidering alf of the infomation given, pricing low a deminant strategy for both Zqpeide and Citron. If the firms do not coltude, what strategies wilf they end up chooting? Zipinde wilt choose a high pince, and citron will choose a low price. Zipride wis choose a low price, and Citron will choose a high price. toth Zipride and citron will choose a high pnce. Both Lipride and Citron will choose a low price. True or False: The game between Zopide and citron is not an exampte of the prisonets' dilemma. Irue False