Consider a two-player game between child’s play and kid’s korner, each of which produces and sells swing sets for children. each player can set either a high or a low price for a standard two-swing, one-slide set. if they both set a high price, each receives profits of $64,000 per year. if one sets a low price and the other sets a high price, the low-price firm earns profits of $72,000 per year, while the high-price firm earns $20,000. if they both set a low price, each receives profits of $57,000.verify that this game has a prisoners’ dilemma structure by looking at the ranking of payoffs associated with the different strategy combinations (both cooperate, both defect, one defects, and so on). what are the nash-equilibrium strategies and payoffs in the simultaneous-play game if the players meet and make price decisions only once?

The following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $12,600 $16,900 beginning work in process inventory 17,600 21,600 beginning raw materials inventory 7,700 10,650 rental cost on factory equipment 28,500 23,050 direct labor 23,000 39,800 ending finished goods inventory 18,500 14,100 ending work in process inventory 26,500 19,800 ending raw materials inventory 6,800 7,600 factory utilities 12,300 17,750 factory supplies used 13,000 4,400 general and administrative expenses 31,000 59,500 indirect labor 2,450 9,580 repairs—factory equipment 6,860 3,700 raw materials purchases 37,000 66,000 selling expenses 51,200 48,700 sales 238,530 337,510 cash 29,000 17,200 factory equipment, net 217,500 118,825 accounts receivable, net 16,800 24,200 compute the total prime costs for both garcon company and pepper company.