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Zoe Competitive Strategy High Price Low Price Jake High Price Jake earns=$1,000; Zoe earns = $1,000 Jake earns= $200; Zoe earns = $1,500 Low Price Jake earns= $1,500; Jake earns= $800; Zoe earns = Zoe earns = $200 $800 Payoff Matrix II for Jake and Zoe refers to two producers of slushes in their tourist town. Each has two strategies available to it: a high price and a low price. The figure shows the profit per week earned by their two firms. The Nash Equilibrium in the figure is reached when: both firms charge a high price both firms charge a low price Jake charges a high price and Zoe charges a low price Zoe charges a high price and Jake charges a low price