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25-11-2022
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(Figure: Pricing Strategy in Cable TV Market II) Look at the figure Pricing Strategy in Cable TV Market II. The noncooperative equilibrium in the cable TV market occurs when:
CableNorth sets a high price and earns $80,000 per month and CableSouth sets a low price and earns $130,000 per month.
CableNorth sets a low price and earns $130,000 per month and CableSouth sets a high price and earns $80,000 per month.
both firms set a low price and each earns $90,000 per month.
both firms set a high price and each earns $100,000 per month.
both firms set a low price and each earns $90,000 per month.

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