Pictech pricing high low flashfone pricing high 8, 8 4, 13 low 13, 4 7, 7 for example, the lower-left cell shows that if flashfone prices low and pictech prices high, flashfone will earn a profit of $13 million, and pictech will earn a profit of $4 million. assume this is a simultaneous game and that flashfone and pictech are both profit-maximizing firms. if flashfone prices high, pictech will make more profit if it chooses a price, and if flashfone prices low, pictech will make more profit if it chooses a price. if pictech prices high, flashfone will make more profit if it chooses a price, and if pictech prices low, flashfone will make more profit if it chooses a price. considering all of the information given, pricing low a dominant strategy for both flashfone and pictech. if the firms do not collude, what strategies will they end up choosing? flashfone will choose a high price, and pictech will choose a low price. both flashfone and pictech will choose a low price. flashfone will choose a low price, and pictech will choose a high price. both flashfone and pictech will choose a high price. true or false: the game between flashfone and pictech is an example of the prisoners’ dilemma.