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Use the following to answer question: Use the following to answer question: -(Table: Two Rival Gas Stations) Use Table: Two Rival Gas Stations.The table shows a payoff matrix for two gas stations in a small town.Each firm can set either a high price or a low price,and customers view these two firms as nearly perfect substitutes.Profits in each cell of the payoff matrix are given as (Swifty's profit,Speedy's profit) .If each firm sets the price independently,the Nash equilibrium outcome will be: A) $100,$100. B) $150,$25. C) $25,$150. D) $50,$50.
-(Table: Two Rival Gas Stations) Use Table: Two Rival Gas Stations.The table shows a payoff matrix for two gas stations in a small town.Each firm can set either a high price or a low price,and customers view these two firms as nearly perfect substitutes.Profits in each cell of the payoff matrix are given as (Swifty's profit,Speedy's profit) .If each firm sets the price independently,the Nash equilibrium outcome will be:


A) $100,$100.
B) $150,$25.
C) $25,$150.
D) $50,$50.

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