Hello, I have successfully added my answers but I am not sure if they are correct, if they are incorrect, I am asking that you help me please, thank you.

2. Using a payoff matrix to determine the equilibrium outcome Suppose there are only two firms that sell Blu-ray players: Movietonia and Videotech. The following payoff matrix shows the profit (in millions of dollars) each company will earn, depending on whether it sets a high or low price for its players. Videotech Pricing High Low High 10, 10 3, 12 Movietonia Pricing Low 12, 3 7, 7 Other.txt - Notepad For example, the lower-left cell shows that if Movietonia prices low and Videotech prices high, Movietonia will earn a profit of $12 million, and File Edit Format View Help Videotech will earn a profit of $3 million. Assume this is a simultaneous game and that Movietonia and Videotech are both profit-maximizing firms. The other choices are as follows: If Movietonia prices high, Videotech will make more profit if it chooses a high price, and if Movietonia prices low, Videotech will make more Drop Arrow1: low profit if it chooses a low - price. Drop Arrow2: high Drop Arrow3: low If Videotech prices high, Movietonia will make more profit if it chooses a high . price, and if Videotech prices low, Movietonia will make more Drop Arrow4: low profit if it chooses a high _ price. Considering all of the information given, pricing high is not " a dominant strategy for both Movietonia and Videotech. Drop Arrow5: is If the firms do not collude, what strategies will they end up choosing? Both Movietonia and Videotech will choose a low price. Ln 10, Col 17 100% Windows ( Both Movietonia and Videotech will choose a high price. Movietonia will choose a high price, and Videotech will choose a low price. Movietonia will choose a low price, and Videotech will choose a high price. True or False: The game between Movietonia and Videotech is an example of the prisoners' dilemma. True O False