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A does either firm have a dominant strategy b what is the

The following matrix shows the payoffs for a simultaneous-move one-shot advertising game between Firm A and Firm B. The firms can choose to advertise or to not advertise. Numbers in the matrix represent profits (in millions of dollars).

Company B

Advertise

Don't Advertise

Company A

Advertise

A. $10, $5

B. $15, $0 Don't Advertise

C. $6, $8

D. $10, $2

a. Does either firm have a dominant strategy?

b. What is the Nash equilibrium (if any)?

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