Refer to Exhibit 15-5. In the game: Kellogg's Price High Price Low General Mills Price High GM: $50 mil K: $60 mil GM: $10 mil K: $110 mil Price Low GM: $100 mil K: $20 mil GM: $25 mil K: $30 mil
A.
if General Mills prices high, Kellogg's is better off pricing high.
B.
if General Mills prices high, Kellogg's is better off pricing low.
C.
if Kellogg's prices high, General Mills is better off pricing high.
D.
the Nash equilibrium is for both firms to price high.