firm A and Firm B are competitors. Each firm can set a high price, a medium price , or a low price. These prices mst be set independently, and Firm A must set its price first.The game tree shows thier profits from different prices. What will be the outcome? Explain your answer

3.3 Firm A and Firm B are competitors. Each firm can set a high price, a medium price, or a low price. These prices must be set independently, and Firm A must set its price first. The game tree shows their profits from different prices. What will be the outcome? Explain your answer. Accompanies problem 3.3 0. Firm A High Low price price Medium price Firm B Firm B Firm B High Low High Low High Low price price price price price price Medium Medium Medium price price price A: $650 A: $200 A: -$400 A: $900 A: $600 A: $100 A: $550 A: $400 A: $200 B: $300 B: $650 B: $400 B: $150 B: $400 B: $100 B: -$200 B: $50 B: $100