From the following payoff matrix, where the payoffs are the profits or losses of the two firms, determine (a) whether firm A has a dominant strategy, (b) whether firm B has a dominant strategy, and (c) the optimal strategy for each f rm.

Whether A charges Low or High B will play LOW; his dominant strategy is LOW.
Whether B charges Low or High A will play LOW; his dominant strategy is LOW
The result is both playsLOW

LOW HIGH 3.-1 Firm B 1.1 Firm A 1.3 2.2