Question: Firm B Advanced Basic Advanced (20, 20) (50, 30) Firm A Basic (30, 50) (20, 20) The above figure shows the payoff for two

Firm B Advanced Basic Advanced (20, 20) (50, 30) Firm A Basic

Firm B Advanced Basic Advanced (20, 20) (50, 30) Firm A Basic (30, 50) (20, 20) The above figure shows the payoff for two firms, A and B, that must each choose to produce either an advanced computer or a basic computer. a. Determine the dominant strategies for each firm (if any). b. Determine the Nash equilibria (if any).

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