Exhibit 1 High price High Profits: Alpha's Decision Low price Profits: price Alpha: $5 million Alpha: $7 million Omega's Decision Omega: $5 million Low Profits: Omega: $2 million Profits: price Alpha: $2 million Alpha: $3.5 million Omega: $7 million Omega: $3.5 million Use Exhibit 1. If the two companies make their pricing decisions independently, then it is likely that Alpha will Select one or more: a. charge a high price only if Omega charges a high price. b. charge a high price only if Omega charges a low price. c. charge a high price regardless of whether Omega charges a high price or a low price. d. None of the above are correct. e. Either A or B.