Lil Devil and A1 are considering a production strategy for their pizzas. If they each produce a small output, they can price the product higher and make more profit than if they each produce a large output. Their payoff or profit matrix is given below.

Lil Devil and A1 are considering a production strategy for their pizzas. If they each produce a small output, they can price the product higher and make more prot than if they each produce a large output. Their payoff or prot martrix is given below. Lil Devil Low output High output Low output For Lil Devil ($) 120,000 ForA1 ($) 120,000 For Lil Devil ($) 200,000 ForA1($) 50,000 High output For Lil Devil ($) 50,000 For A1 ($) 200,000 For LiI Devil ($) 130,000 ForA1 ($) 130,000 a) Does either player have any dominant strategy here? 0 yes 0 no b) What is the Nash equilibrium to the game? 0 high/high O low/low O high/low O low/high c) Do you think that a cartel arrangement would be sustainable? 0 no 0 yes