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In the accompanying game, firms 1 and 2 must independently decide whether to charge high or low prices. Firm 2 High Price Low Price Firm

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In the accompanying game, firms 1 and 2 must independently decide whether to charge high or low prices. Firm 2 High Price Low Price Firm 1 High Price (10 , 10) (5,-5) Low Price (5,-5) (0, 0) If firm 1 charges a high price when firm 2 charges a low price, then firm 2 earns Multiple Choice - 5 . O O . O 10. 5

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