Question: Table 1 4 - 1 A payoff matrix is shown describing a game between Star Connection and Godrickporter, where each has the same two strategies

Table 14-1
A payoff matrix is shown describing a game between Star Connection and Godrickporter, where each has the same two strategies to increase the advertising budget or to leave the budget as is. Since each of the 2 players has 2 strategies, there are 4 possible outcomes, each described in a cell of the payoff matrix. If both companies increase their advertising budget, Godrickporter will get $16,000 and Star Connection will get $8000 of profit. If both companies leave the budget as is, Godrickporter will get $6000 and Star Connection will get $12000 profit. If Star Connection leaves the advertising budget as is while Godrickporter increases their budget, Godrickporter will get $8000 and Star Connection will get $10000 in profit. If Godrickporter leaves the advertising budget as is while Star Connection increases their budget, Godrickporter will get $12000 and Star Connection will get $15000 in profit.
Godrickporter and Star Connections are the only two airport shuttle and limousine rental service companies in the mid-sized town of Godrick Hollow. Each firm must decide on whether to increase its advertising spending to compete for customers. Table 14-1 shows the payoff matrix for this advertising game.
Refer to Table 14-1. Is there a dominant strategy for Godrickporter and if so, what is it?
Group of answer choices
Yes, Godrickporter should reduce its advertising spending.
Yes, Godrickporter's dominant strategy is to collude with Star Connections.
Yes, Godrickporter should increase its advertising spending.
No, its outcome depends on what Star Connections does.

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