Q. Assume which Wall-World and Turbo are independently deciding whether to implement a new bar code technique. As compared to others it is less costly for their suppliers to use one system and the following payoff matrix shows the profits per year for each company resulting from the interaction of their strategies.
a. Briefly explicate whether Wall-World has a dominant strategy.
b. Briefly explicate whether Turbo has a dominant strategy.
c. Briefly explicate whether there is Nash equilibrium in this game.