It's asking of the firm x strategy and the firm y strategy

3.3 Situation 3: Fum Y chooses a low-price strategy while Firm X maintains a high-price strategy. Result: Compared to Situation 1, Firm Y has an incentive to cut prices because it will earn $ million and Firm X will earn $ Compared to Situation 1, Firm Y will earn $ million more in profit and Firm X will earn $ million less in profit. Together, the firms will earn $ million in profit, which is to less than in Situation 1 3.4.Situation 4: Each firm chooses a low-price strategy. Result: Each firm will earn S million in profit for a total of $ million for the two firms. This total 1S $ less than in Situation 1