a) Does Coke have a dominated strategy in the original payoff table? If so, what it is and why is it dominated? If not, why not?b) Does Pepsi have a dominated strategy in the original payoff table? If so, what it is and why is it dominated? If not, why not?c) After the first round of eliminating any dominated strategies that might exist in the original payoff table, describe the strategic situation facing the two firms in the reduced (second-round) payoff table.d) Identify Nash equilibrium/equilibria, if it/they exist in the original (3 by 3) game.(e) What is the likely pair of decisions?f) What payoff will each player receive?

Pepsi's budget Low Medium High A B C Low $55, $50 $53, $55 $40, $60 D E Coke's budget Medium $40, $15 $55, $25 $25, $45 G H High $45, $40 $60, $35 $55, $30 a) Does Coke have a dominated strategy in the original payoff table? If so, what it is and why is it dominated? If not, why not? b) Does Pepsi have a dominated strategy in the original payoff table? If so, what it is and why is it dominated? If not, why not? c) After the first round of eliminating any dominated strategies that might exist in the original payoff table, describe the strategic situation facing the two firms in the reduced (second-round) payoff table. d) Identify Nash equilibrium/equilibria, if it/they exist in the original (3 by 3) game. e) What is the likely pair of decisions? in What payoff will each player receive