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Table A shows the pricing options for two hair salons, one operated by Sue and the other by Jane, as an oligopoly in a rural

Table A shows the pricing options for two hair salons, one operated by Sue and the other by Jane, as an oligopoly in a rural market. Which of the following pricing strategies does Table 5 depict? Table A

Pricing strategies for Sue's Hair Salon when charging the LOW Price Pricing strategies for Sue's Hair Salon when charging the HIGH Price
If Sue and Jane both charge HIGH price, BOTH get $400 each If Sue charges the HIGH price and Jane charges the LOW price, Sue GETS $0, and Jane gets $800
If Jane charges HIGH price and Sue charges LOW price, Jane gets $0 and Sue gets $800 If Sue and Jane both charge the HIGH price, BOTH get $600 each

TABLE 5 First Period Choose High or low price First Period Profit Second Period Choose High or low price Second Period Profit Total Profit in both periods
Sue High $600 High $600 $1,200
Jane High $600 High $600 $1,200

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