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Using the information in Question 4 and Figure 1 above, complete the following table to depict the two period pricing situation when Dr. Fine always

Using the information in Question 4 and Figure 1 above, complete the following table to depict the two period pricing situation when Dr. Fine always plays tit-for-tat and Dr. Feelgood always plays tit-for-tat. FIRST Period Payoffs SECOND Period Payoffs TOTAL Payoffs Charges (high or low) Charges (high or low) Fine Fine Feelgood Feelgoodimage text in transcribed

FIRST Period

Payoffs

SECOND Period

Payoffs

TOTAL Payoffs

Charges

(high or low)

Charges

(high or low)

Fine

Fine

Feelgood

Feelgood

Dr Feelgood Low price D High price $0 profit $35 profit F Low price $35 profit $45 profit n e $45 profit $38 profit High price $0 profit $38 profit

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