For years the bakery Ceres has been the only one in the village of Rosslare. Business has been going very well. But these days may soon be over as the Duchateau family is considering entering the bakery market in Rosslare with its bakery Arn Blasta. If Ceres is a monopolist, its profits are equal to 100,000. If Arn Blasta enters the market and both firms charge "high" prices, both bakeries will earn 50,000. If, on the other hand, Ceres sets a "cut-throat" competitive price (low price), and Arn Blasta sets the high price, then Ceres' profits are equal to 0 thousands, while Arn Blasta's profits are 10,000, and vice versa. If both bakeries set the low price, their profits are 5,000