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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 Feelgood
FIRST Period | Payoffs | SECOND Period | Payoffs | TOTAL Payoffs | ||
| Charges (high or low) |
| Charges (high or low) | |||
Fine |
|
| Fine |
|
|
|
Feelgood |
|
| Feelgood |
|
|
|
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