Question: Sample Question 2. Answer the following questions with the payoffs in the normal-form game shown below. Show your work. Ajinomoto Produce 30 million pounds Produce

 Sample Question 2. Answer the following questions with the payoffs in

Sample Question 2. Answer the following questions with the payoffs in the normal-form game shown below. Show your work. Ajinomoto Produce 30 million pounds Produce 40 million pounds Produce 30 million pounds $180 million, $180 million $150 million, $200 million ADM Produce 40 million pounds $200 million, $150 million $160 million, $160 million a. Find the dominant strategies (if any), and Nash equilibrium in this Prisoners' Dilemma Game. b. What is the actual outcome of this game? c. Is this outcome a most desirable outcome? If not, why not, and how could they improve this situation

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