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3.3 Do either of the two telecommunications firms have a dominant strategy in this interaction? If so, what are these dominant strategies? [2] 3.4 What

3.3 Do either of the two telecommunications firms have a dominant strategy in this interaction? If so, what are these dominant strategies? [2] 3.4 What isthe Nash Equilibrium of the game above? Clearly,show the logic you use to reach your conclusion. What type of game is this? [4] 3.5 Suppose the two firms could incentivize or punish each other, could the two firms find their way to the socially optimum outcome? How would they do this?

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