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Table B shows the pricing options for two medical doctors operating as an oligopoly in a rural market. Which of the following pricing strategies does

Table B shows the pricing options for two medical doctors operating as an oligopoly in a rural market. Which of the following pricing strategies does Table 10 depict? Table B

Pricing strategies Dr. Good charges LOW Price Pricing strategies Dr. Good charges HIGH Price
If Dr. Good and Dr. Fine both charge LOW price, BOTH get $350 each If Dr. Good charges the HIGH PRICE and Dr. Fine charges the LOW PRICE, Dr. Good GETS $0, and Dr. Fine gets $700
If Dr. Fine charges HIGH PRICE and Dr. Good charges LOW PRICE, Dr. Fine gets $0 and Dr. Good gets $700 If Dr. Good and Dr. Fine both charge the HIGH PRICE, BOTH get $500 each

TABLE 10 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
Dr. Good High $500 High $500 $1,000
Dr. Fine High $500 High $500 $1,000

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