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6:13 W C9 9 ' 3 Eu 100%- 10. The table below shows the annual profits of two paint manufacturers. At present they both charge
6:13 W C9 9 ' 3 "Eu\" 100%- 10. The table below shows the annual profits of two paint manufacturers. At present they both charge 15.00 per litre for gloss paint. Their annual profits are shown in Box A. The other boxes show the effects on their profits of one or the other, or both firms reducing their price to 12.00. Durashine's price 15.00 A 15.00 6 million each Supasheen's price B 12.00 9 million for Supasheen 3 million for Durashine (a) What is Supasheen's best response if it expects Durashine to charge a price of 15.00? (b) What is Supasheen's best response if it expects Durashine to charge a price of 12.00? (c) What is Durashine's best response if it expects Supasheen to charge a price of 15.00? (d) What is Durashine's best response if it expects Supasheen to charge a price of 12.00? lei Whv is this known as a
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