Two manufacturing firms are debating whether or not to increase their spending on regular equipment inspections and

Question:

Two manufacturing firms are debating whether or not to increase their spending on regular equipment inspections and training to improve safety and reduce the chances of injury to workers. They have the following payoff matrix. Does either firm have a dominant strategy? What is the Nash equilibrium in this game? What is the minimum fine that the government could levy on the firms that would lead to a Nash equilibrium in which both firms invest in safety?

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