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The game below shows the monthly profits for John and Andrew, who both own a car washing business. High Price John Low Price $10,000 $2,000
The game below shows the monthly profits for John and Andrew, who both own a car washing business. High Price John Low Price $10,000 $2,000 High Price $10,000 $75,000 Andrew $75,000 $50,000 Low Price $2,000 $50,000 John and Andrew plan to participate in the market for many months and decide to collude in order to maximize Joint profits. What will be the outcome? Multiple Choice O John will earn $50,000 and Andrew will earn $50,000. O John will earn $10,000 and Andrew will earn $10,000. O John will earn $75,000 and Andrew will earn $2,000. O John will earn $2,000 and Andrew will earn $75,000
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