Suppose there are cable TV companies in your city, Astounding Cable and Broadcast Cable. They both must decide to on a high advertising budget, a moderate advertising budget, or a low advertising budget. They will make their decisions simultaneously. Their payoffs are as follows:

a. Does Astounding have a dominant strategy? If so, what is it?
b. Does Broadcast have a dominant strategy? If so, what is it?
c. Is there a dominant strategy equilibrium? If so, what is it?
d. Are there any Nash equilibria in this game? If so, what are they?

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Astounding/Broadcast High S2 million million Medium Eow Astounding eansAstounding earns Astounding eams $5 million. Broadcast earms S5 Bradcast eas S7Broadcast earns S9 million S4 million High million Astounding eansAstounding earns Astounding eams S8 million. Broadcast eams $4 Broadcast ears S6Broadcast earns S2 million S6 million million S1 million million $5 million Medium million Astounding eansAstounding earns Astounding earns S0 million. Broadcast eans $2 Broadcast earms S5 Broadcast earns S3 million S3 million Ow million