Two cruise liner companies are simultaneously deciding what price to charge for their trip. The pay-off matrix is as below: Carnival $450 $300 $450 ($350, $275) ($50, $375) Royal Caribbean $350 $320, $60 ($175, $185) The first number is the pay-off for Royal Caribbean and the second reflects the pay-off for Carnival. If the two were to cooperate, what would the best price be for each: O 450, 450 350, 450 450, 300 350,-300 Does Royal Caribbean have a dominant strategy here? Yes ONO How about Carnival? Yes 5:16 PM 85.F Q Search 5/5/2023 Partly sunny hp prt sc delete 10 4- 144 insert # & 8 9 home 6 backspace 3 U O P pg up Q W E R T K enter pg dn A S D F G H pause end B N I shift MA Sign in https://moodle.lsu.edu/mod/quiz/attempt.php?attempt=4533986&cmid=1741961&page=1 How about Carnival? O Yes ONO [Remember, a dominant strategy is one that a player would choose no matter what the other player does] In the equilibrium, what price would Royal Caribbean charge? $ How about Carnival? $ Previous page Next page Quiz navigation 1 7 3 4 5 6 Finish attempt ... 85.F Partly sunny Q Search 5:17 PM 5/5/2023 hp