7. High-tech Incl ustry Synergy and Dynaco are the only two firms in a specific hightech industry. They face the following payoff matrix as they decide upon the size of their research budget: Synergy's Decision Large Budget Small Budget Large Budget $40 million, $30 million $60 million, $0 Dynaco's Decision Small Budget $0, $30 million $50 million, $40 million If Synergy believes Dynaco will go with a large budget, it will choose a Y budget. If Synergy believes Dynaco will go with a small budget, it will choose a V budget. Therefore, Synergy Y a dominant strategy. If Dynaco believes Synergy will go with a large budget, it will choose a Y budget. If Dynaco believes Synergy will go with a small budget, it will choose a Y budget. Therefore, Dynaco V a dominant strategy. True or False: There is a Nash equilibrium for this scenario. (Hint: Look closely at the definition of Nash equilibrium.) 0 True 0 False