What is the expected outcome of this one-time (not repeated) game? Defend your answer.

• How might your answer change if the game is repeated indefinitely?
• To what extent does this example illustrate why firms in some concentrated oligopolies exhibit cooperative or collusive behavior even though they don't explicitly collude?

	Company B Lowers Price	Company B Does Not Lower Price
Company A Lowers Price	Company B's Payoff: $100 Company A's Payoff: $100	Company B's Payoff: -$100 Company A's Payoff: $1,000
Company A Does Not Lower Price	Company B's Payoff: $1000 Company A's Payoff: -$100	Company B's Payoff: $500 Company A's Payoff: $500