Question: Hi, could someone answer and explain this question? Thanks, 5. Synergy'andDynacoare the rmlytwo rms inaspe cic highwtech industry. They face the 0110ng payoff matrix as

Hi, could someone answer and explain this question?

Thanks,

5. Synergy'andDynacoare the rmlytwo rms inaspe cic highwtech industry. They face the 0110ng payoff matrix as they decide upon the size of their research budget: a. Does Synergy have a dominant strategy? Explain. b. Does Dynaco have a dominant strategy? Explain. C. Is these a Nash equilibrium for this scenario? Explain. (Hint: Look closely at the denition of Nash equilibrium.)

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