11. Suppose that the two biggest producers of gold, Bmine and Gmine, form a cartel to set price. However, each has the option to cheat or to not cheat on the agreement The table below shows the payoffs from these strategies, with the first entry in each cell representing the payoff to Bmine and the second representing the payoff to Gmine. Gmine Chest Not Chest Cheid $10, 55 $25,530 Cheat $5,515 $20, $25 Baine Not Neither Gmine nor Bmine has a dominant strategy. Gmine's dominant strategy is to not cheat; Bmine does not have a dominant strategy Gmine's dominant strategy is to cheat; Bmine does not have a dominant strategy Gmine's dominant strategy is to cheat; Bmine's dominant strategy is to not cheat. Which of the following correctly describes the dominant strategy of each firm? Gmine's dominant strategy is to not chest; Bmine's dominant strategy is to cheat.