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A new movie is about to be released in theatres. CineA and ViewB are trying to work out their pricing strategy. They could either charge

A new movie is about to be released in theatres. CineA and ViewB are trying to work out their pricing strategy. They could either charge a low price for their tickets, or a high one. The expected payoff will depend much on the other cinema's decision. The payoff matrix (with payoffs represented in thousands of dollars, CineA being the left player and ViewB being the player on the top of the table) is shown below. What pricing strategy should CineA make? L . Type L for Low or H for High. Low High Low 59, 57 105, 22 High 21, 99 84, 80 c. Does this game satisfy the criteria for a Prisoner's Dilemma? 

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