The payoff matrix in the figure to the right shows the payoffs for a pricing game.

If you were firm A $,$ which strategy would you choose?

Firm A should

A$.$ price high because this is their dominant strategy.

B$.$ price low because this maximizes profits of both firms.

C$.$ price low because this is their tit$-$for$-$tat strategy.

D$.$ price low because this is their dominant strategy.

E$.$ price high because this is their maximin strategy.

Firm B$\text{'}$s dominant strategy is to price $$

If this game were repeated a large number of times and you were firm A and you could change your strategy, what might you do$?$

Firm A should

A$.$ use a tit$-$for$-$tat strategy by minimizing the maximum gain that can be earned.

B$.$ use a tit$-$for$-$tat strategy by selecting a price that minimizes firm B$\text{'}$s profits.

C$.$ use a maximin strategy by by responding in kind to firm B$\text{'}$s play.

D$.$ use a tit$-$for$-$tat strategy by responding in kind to firm B$\text{'}$s play.

E$.$ use a maximin strategy by maximizing the minimum gain that can be earned.

Please answer based on the information$/$numbers on the graphic.