The payoff matrix below is for two coffee shops competing against each other in a small town: Peter's coffee and Stardollar coffee. They each must choose whether or not to put up a billboard advertisement on the main road coming into town. The numbers show expected change in profits (in $thousands) depending on their decision and there is perfect information (everyone knows these payoffs). Does Peter's Coffee have a dominant strategy?

Question 11 1 pts The payoff matrix below is for two coffee shops competing against each other in a small town: Peter's coffee and Stardollar coffee. They each must choose whether or not to put up a billboard advertisement on the main road coming into town. The numbers show expected change in profits (in $thousands) depending on their decision and there is perfect information (everyone knows these payoffs). Does Peter's Coffee have a dominant strategy? Stardollar Buy Billboard Don't buy Billboard S = 3 S = 2 Buy Billboard Peter's coffee P = 2 P =7 S = 6 S = 5 Don't buy Billboard P = 1 P = 5 O Yes. Do not buy the billboard O No because they can never beat Stardollar O Yes. Buy the billboard O No because it depends