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Refer to the following normal form anme of price competition for questions 95 - 89. Firm R Low Price High Price Firm A Low Price

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Refer to the following normal form anme of price competition for questions 95 - 89. Firm R Low Price High Price Firm A Low Price 0, D 50, - 10 TTigh Price -10. 50 25. 25 What is the payoff for each firm in this simultaneous game? O a. Both firma will eam 0 O b. Firm A will enm 50 and fin B will earn - 10 O c. Firm A will enm -10 and firm B will earn 50 O d. Both finns will cam 25

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