UPS and FedEx are the two largest smal - package shipping companies. Their managers can either set a high price or set a low price. The adjacent payeft matiox shows the hypothetical economic profiss of the two companies when they set high and low prices. What is the Nash equilibrium of the game? A. The Nash equilibrium occurs where UPS sees a High price and FedEx sets a low price. B. The Nash equilibrium occuss where both UPS and FedEx int a high price. The Nash tcquilibrium occurs where both UPS and FedEx set a low price. D. The Nash ecquilibrium occurs where UPS sets a low price and FedEx sets a high price. a prisoners' dilemma game as these firms increase both thwir profiss through cosperation This grad a prisoners' dilemma game as these firms incre: fits through cooperation. is not is This a prisoners' dilemma game as these firms increase both their profits through cooperation.UPS and FedEx are the two largest small-package shipping companies Their managers can either set a high price or set a low price. The FedEx adjacent payof matrix shows the hypothetical economic profits of the two impanies when they set high and low prices. Set high price Set low price What is the Nash equilibrium of the game? Set high FedEx 51 billion FedEx $5 billion price UP5 51 billion UPS 53billion O A. The Nash equilibrium occurs where UPS sets a high price and UPS FodEx sets a low price. Set low FedEx $4billion FedEx: $7 billion O B. The Nash equilibrium occurs where both UPS and FedEx set a price UPS: $4billion UPS $5billion high price. The Nash equilibrium occurs where both UPS and FedEx set a low price. O D. The Nash equilibrium occurs where UPS sets a low price and FedEx sets a high price. This a prisoners' dilemma game as these firms Increase both their profits through cooperation This a prisoners' dilemma game as these firms incre fits through cooperation. is not is This a prisoners' dilemma game as these firms increase both their profits through cooperation. cannot can