Refer to the pay off matrix below. Which of the following is a Nash equilibrium? (hint first determine whether one of the companies has a dominate strategy)
Company a chooses strategy 1 company b chooses strategy 1
Company a chooses strategy 1 company b chooses strategy 2
Company a chooses strategy 2 company b chooses strategy 2
Company a chooses strategy 2 company b chooses strategy 1
None of the above