For example, the lower, left cell shows that if Movietonia prices low and Videotech prices high, Movietonia will earn a profit of $18 million and Videotech will earn a profit of $2 million. Assume this is a simultaneous game and that Movietonia and Videotech are both profit-maximizing firms. If Movietonia prices high, Videotech will make more profit if it chooses a price, and if Movietonia prices low, Videotech will make more profit if it chooses a price. If Videotech prices high, Movietonia will make more profit if it chooses a price, and if Videotech prices low, Movietonia will make more profit if it chooses a price. Considering all of the information given, pricing low a dominant strategy for both Movietonia and Videotech. (Note: A dominant strategy is a strategy that is best for a player regardless of the strategies chosen by the other players.) If the firms do not collude, which strategy will they end up choosing? Movietonia will choose a high price and Videotech will choose a low price. Movietonia will choose a low price and Videotech will choose a high price. Both Movietonia and Videotech will choose a high price. Both Movietonia and Videotech will choose a low price. True or False: The game between Movietonia and Videotech is an example of the prisoners' dilemma. True False