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Eddie and Abel are electronic merchants selling plasma TVs. Eddie and Abel must decide how much to sell their TVs for. Eddie sets his price

Eddie and Abel are electronic merchants selling plasma TVs. Eddie and Abel must decide how much

to sell their TVs for. Eddie sets his price first; after Eddie decides on a price, Abel will make his

decision.

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a. Use the following payoff descriptions to complete/draw the game tree for the sequential game played between Eddie (the first mover) and Abel (the second mover). - If both charge a \"High Price\" they will each earn 40,000. - If both charge a \"Low Price\" they will each earn 31,000. - If one chooses to charge a \"Low Price\" and the other chooses to charge a \"High Price\": 0 The one charging the \"Low Price\" gets $48,000, because they get most of the business. 0 The one charging the \"High Price\" gets $15,000, because they lose a lot of the customer base

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