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The following table shows the payoff matrix of a game situation. The first number in each cell represents the payoffs to the player playing along

The following table shows the payoff matrix of a game situation. The first number in each cell represents the payoffs to the player playing along the rows (Player A), and the second number are the payoffs to the player playing down the columns (Player B). A greater number is better.Payoff MatrixFirm BRaise PriceDon't raise priceFirm ARaise price$5K, $7K$3K, $10K

Don't raise price$3K, $9K

$7K, $7K

What is Firm's B best strategy?

it depends on what Firm A does

raise price

lower price

there is no way to tell

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