Consider the following information for a simultaneous move game:If you charge a low price (LP) and your rival charges a LP, you each earn $5 million in profits.If both charge a high price (HP), each will each earn $10 million in profits.However, if one charge a LP and the other does not, the firm that charges a LP will earn $15 million and the other firm will earn $1 million.

What is the Nash equilibrium of the game?

a.Each firm charges a LP

b.Each firm charges a HP

c.You charge a LP and your rival charges a HP

d.None of the above.