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(1 pt ea) The payoff matrix presents the monthly profits resulting from pricing strategies being considered by two competing businesses. a. Does Simon have a

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(1 pt ea) The payoff matrix presents the monthly profits resulting from pricing strategies being considered by two competing businesses. a. Does Simon have a dominant strategy? If not, how do you know, and if so, what is it? b. What combination of strategies does the payoff matrix predict Nathan and Simon will follow, if any? c. (BONUS) If we were to impose an order on these two players, say Simon was allowed to go first, what would his strategy be? Nathan's Stereo Open weekends Close weekends 2000 3000 Open weekends 500 300 Simon's Music 6000 7000 Close weekends 200 400

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