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Answer it correctly . (Figure: Market for Two-Firm Industry III) According to the figure, which of the following statements is TRUE? Price (S) 10 MC

Answer it correctly .
(Figure: Market for Two-Firm Industry III) According to the figure, which of the following statements is TRUE? Price (S) 10 MC ATC MR 10 Quantity (1,000s) 1. If Firm B expects Firm A to charge $3, Firm B should charge $5.50. II. If Firm A expects Firm B to charge $6. Firm A should charge $7. Ill. The Nash equilibrium is for each firm to charge the same price I and Il CS Scanned with CamScanner

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