4. Chevron and Exxon must decide on a production level. Chevron is on the left, Exxon on the right Exxon Drills 2 Wells Exxon Drills 1 Well Chevron Drills 2 Wells $4million, $4million $6million, $3million Chevron Drills 1 Well $3million, $6million $5million, $5million a. Does Chevron have a dominant strategy? b. Does Exxon have a dominant strategy? c. In the Nash Equilibrium what is Chevron's profit? Exxon's? d. If they could cooperate where would they choose to operate