Question

Question 4
Assume that two interior design companies, Alistair and Baine, are competing
for customers and if they both advertise or not advertise, the following pay off
table results:
w
Alistair's (A) Choices
Advertise
Don't
Advertise
Advertise
A: $30 million
B: $30 million
A: $20 million
B: $40 million
Baine's (B)
Choices
Don't Advertise
A: $40 million
B: $20 million
A: $50 million
B: $50 million
a.
Does each firm have a dominant strategy and if so what is it?
b.
Answer:
What is the Nash equilibrium?
Answer:​

Answer 1

Answer:

it was so hard question so do your self OK don't do cheating if you cheat mark was cancelled

Answer 2

Answer:

b $30 million $20 million

b