In a duopoly where possible options are to retain the collusive price (collude) or to lower the price in attempt to increase the firm's market share (cut).Consider the following payoff matrix for a game in which two firms attempt to collude under the Bertrand model:

	Firm B cuts	Firm B colludes
Firm A cuts	6,6	24,0
Firm A colludes	0,24	12,12

The payoffs are stated in terms of millions of dollars of profits earned per year.Explain what the Nash equilibrium outcome would be for this game.