Question: 112 1. Given the payoff matrix below for two competing firms; Advertise Do not advertise Advertise 4,2 3,1 Do not advertise 2,1 0,0 A) Identify

112 1. Given the payoff matrix below for two competing firms; Advertise Do not advertise Advertise 4,2 3,1 Do not advertise 2,1 0,0 A) Identify each players' best response to its rival's possible actions. B) What are pure strategy Nash equilibria of the game. C) Is there a dominant strategy for firm 1

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