According to the logic of backward induction what should be


According to the logic of backward induction what should be the equilibrium of the game?

 a) Firm 1 chooses a high price, Firm 2 chooses a high price.
 b) Firm 1 chooses a high price, Firm 2 chooses a low price.
 c) Firm 1 chooses a low price, Firm 2 chooses a high price.
 d) Firm 1 chooses a low price, Firm 2 chooses a low price. 

 

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Microeconomics: According to the logic of backward induction what should be
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