Below is a matrix of likely payoffs for two firms, both of whom are considering two alternative pricing strategies: Maintaining price or reducing it. What is the most likely outcome? Strategies for Firm B Maintain Price Lower Price Maintain Price A's prot = $150 A's prot = - $55 B's prot = $175 B's prot = $250 Strategies for Firm A Lower Price A's prot = $250 A's prot = - $15 B's prot = - $50 B's prot = - $20 O a. If the firms act independently, they will elect to lower prices. 0 b. Regardless of whether the firms act independently or collusively, low price strategies will be pursued. O c. Regardless of whether the firms act independently or collusively, strategies of maintaining price will be pursued. Q d. If the rms act collusively, they will elect to lower prices. 0 e. If the firms act independently, they will both elect to maintain prices