Question 59-60 are based on the following matrix The payoff matrix above gives the profits associated with the strategic choices of two firms in an oligopolistic industry. The first entry in each cell is the profit to firm A and the second to firm B. If the two firms collude, Firm A’s and Firm B’s profits would be which of the following? Firm A        Firm BSingle choice

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A

$150; $50

B

$100; $100

C

$100; $150

D

$50; $100

E

$50; $50

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