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4. Please use the playoff matrix to answer the following questions: B's Strateov A. Do either of the firms have a dominant strategy? If so,

image text in transcribed 4. Please use the playoff matrix to answer the following questions: B's Strateov A. Do either of the firms have a dominant strategy? If so, what is the strategy? [2 Points] B. If A cheats, would B stand by the agreement or also cheat? What would B's profit or loss be? [1.5 Points ] C. If B cheats, would A stand by the agreement or also cheat? What would A's profit or loss be? [1.5 Points] D. Identify and explain the Nash Equilibrium(s) [2 Points]

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