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D Question 22 Table 17 LYFT Decrease P Keep P unchanged UBER Decrease P (200, 200) (400, 150) Keep P (150, 400) (300, 300) unchanged

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D Question 22 Table 17 LYFT Decrease P Keep P unchanged UBER Decrease P (200, 200) (400, 150) Keep P (150, 400) (300, 300) unchanged Refer to Table 17. Imagine that Uber and Lyft, two ride sharing service companies forming a duopoly, enter a 'price war game. They face a choice of leaving their prices is or decreasing them. The matrix in Figure 17 shows their profits for each possible outcome. What is the likely outcome of this game? Uber decreases prices but Lyft keeps them unchanged. Uber keeps prices unchanged but Lyft decreases them. Both Lyft and Uber decrease prices. oth Lyft and Uber keep their prices as is. on 23 os would be an example of creative destruction? which lead to a short life span of their product U.S. farmers

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