The table below represents a strategic interaction between two companies, Innovate Corp (the row player) and Market Giant (the column player). The numbers in each cell represent the profits for Innovate Corp and Market Giant, respectively, based on their simultaneous pricing decisions.
| Market Giant: High Price | Market Giant: Low Price | |
|---|---|---|
| Innovate Corp: High Price | (100, 100) | (50, 120) |
| Innovate Corp: Low Price | (120, 50) | (70, 70) |
Evaluate the following statement: 'Regardless of the pricing strategy chosen by Innovate Corp, Market Giant always achieves a higher profit by choosing 'Low Price'.
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