Explain the general meaning of the following profit payoff matrix for oligopolists X and Y. All profit figures are in thousands. X's Possible prices $40 $35 A $57 B $59 $40 $60 $55 Y's Possible prices $50 D $55 $35 $69 $58 (a) Use the payoff matrix to explain the mutual interdependence that characterizes oligopolistic industries. (b) Assuming no collusion between X and Y, what is the likely pricing outcome? (c) In view of your answer to 8b, explain why price collusion is mutually profitable. Why might there be a temptation to cheat on the collusive agreement