Keep the Highest 1.3 / 3 7. High-tech Industry g and Study Tools Synergy and Dynaco are the only two firms in a specific high-tech industry. They face the following payoff matrix as they decide upon the size of their I Options research budget: ge Success Tips er Success Tips Synergy's Decision Large Budget Small Budget Large Budget $20 million, $25 million $15 million, 50 Dynaco's Decision Small Budget $0, $60 million $25 million, $30 million Feedback If Synergy believes Dynaco will go with a large budget, it will choose a * budget. If Synergy believes Dynaco will go with a small budget, it will choose a budget. Therefore, Synergy a dominant strategy. If Dynaco believes Synergy will go with a large budget, it will choose a _ budget. If Dynaco believes Synergy will go with a small budget, it will choose a budget. Therefore, Dynaco a dominant strategy. True or False: There is a Nash equilibrium for this scenario. (Hint: Look closely at the definition of Nash equilibrium.) O True O False Grade It Now Save & Continue