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2. (15 points) International Competition: Boeing versus Airbus Industrie The following game theory matrix shows payoffs (profits in million $) for Boeing and Airbus. Boeing's

2. (15 points) International Competition: Boeing versus Airbus Industrie The following game theory matrix shows payoffs (profits in million $) for Boeing and Airbus. Boeing's strategies are to "produce Sonic Cruiser" or "not produce Sonic Cruiser". While Airbus's strategies are to "produce A380" or "not produce A380". If both firms choose to produce each new aircraft, each firm's payoff is -20. If Boeing chooses to produce and Airbus not produce, Boeing gets 100 and Airbus gets zero. If Airbus chooses to produce and Boeing not produce, Airbus gets 100 and Boeing gets zero. If both don't produce, both get zero. a. (3 points) Draw the payoff matrix b. (6 points) Is there any dominant strategy for Boeing? Explain Is there any dominant strategy for Airbus? Explain c. (6 points) Is there any Nash Equilibrium? Explain

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