(Figure 65-2: Payoff Matrix I for Blue Spring and Purple Rain) The figure shows the payoff matrix for two producers of bottled water, Blue Spring and Purple Rain. The Nash equilibrium in the figure is reached when: a b c d O e Purple Rain charges a high price and Blue Spring charles a low price. Blue Spring charges a high price and Purple Rain charges a low price. both firms charge a high price. This game does not have a Nash equilibrium. both firms charge a low price