.Lic 223 12. In the sequential game below, Firms 1 and 2 must choose either to raise or lower prices. Firm 1 picks first and Firm 2 picks second. The payoffs to Firm 2 and Firm 1 are represented at the end of each branch. Use it to answer the following question. Firm 2 5000 Firm 1 Chooses 2000 Firm 2 Raise Lower Raise 3000 Firm I 4000 Firm 2 Firm I Chooses 8300 Firm I Lower 4000 Firm 2 Raise Lower 1000 Firm I 6300 Firm 2 The expected strategy of Firm I and Firm 2 are respectively given by: A. Raise; Raise. B. Lower; Raise. C. Raise; Lower. D. Lower; Lower