Take Quiz Ex Question 23 12.5 pts Explain all four payoffs in this matrix. Explain how these would be carried out in a 2 firm Oligopoly. Which would be the best situation for Exxon and why would it be? Chevron Chevron Increase Fix Output Output (Cooperate (Don't w/ Exxon) cooperate) Exxon gets Exxon gets Fix Output $1 million; $20OK; Cooperate Exxon Chevron Chevron w/ gets $1 gets $1.6 Chevron) million million Increase Exxon gets Exxon gets Output $1.6 $800k; (Don't million; Exxon Chevron cooperate Chevron gets with gets $800K Chevron) $200K