I want to know if this is right ? High Lovw High 11, 11 3, 15 Low 15, 39,9 Flash

Question

I want to know if this is right ?

High Lovw High 11, 11 3, 15 Low 15, 39,9 Flashfone Pricing For example, the lower-left cell shows that if Flashfone prices low and Pictech prices high, Flashfone will earn a profit of $15 million, and Pictech will earn a profit of $3 million. Assume this is a simultaneous game and that Flashfone and Pictech are both profit-maximizing firms. If Flashfone prices high, Pictech will make more profit if it chooses a_low price, and if Flashfone prices low, Pictech will make more profit if it chooses a-ow price low price, and if Pictech prices low, Flashfone will make more profit if it If Pictech prices high, Flashfone will make more profit if it chooses a chooses a low price Considering all of the information given, pricing high is not a dominant strategy for both Flashfone and Pictech. If the firms do not collude, what strategies will they end up choosing? O Flashfone will choose a high price, and Pictech will choose a low price. O Both Flashfone and Pictech will choose a high price Flashfone will choose a low price, and Pictech will choose a high price. Both Flashfone and Pictech will choose a low price. True or False: The game between Flashfone and Pictech is not an example of the prisoners' dilemma.

Explanation / Answer

If flashfone prices high then pictech will make more profit by choosing low price and if flashfone charges low price then also pictech will choose low price

Low,low because Low is a dominant strategy for both players

All are correct except true/ false

Because the game is an example of prisoner deliemma

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