Question: From chapter 1 1 of Salvatore, complete Problem 2 ( page 4 8 8 ) . From the following payoff matrix, where the payoffs are

From chapter 11 of Salvatore, complete Problem 2(page 488).
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, (c) the optimal strategy for each firm, and (d) the Nash equilibrium, if there is one.
From chapter 11 of Salvatore, complete Problem 7(page 489).
4. Do firms A and B in Problem 3 above (text #2 page 488) face the prisoners' dilemma? Why?
From chapter 1 1 of Salvatore, complete Problem 2

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