7. Hightech Industry Synergy and Dynaco are the only two rms in a specic high-tech 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 $20 million, $25 million $15 million, $0 Dynaco's Decision Small Budget $0, $60 million $25 million, $330 million If Synergy believes Dynaco will go with a large budget, it will choose a V budget. If Synergy believes Dynaco will go with a small budget, it will choose a V budget. Therefore, Synergy V a dominant strategy. If Dynaco believes Synergy will go with a large budget, it will choose a V budget. If Dynaco believes Synergy will go with a small budget, it will choose a V budget. Therefore, Dynaoo V a dominant strategy. True or False: There is a Nash equilibrium for this scenario. (Hint: Look closely at the denition of Nash equilibrium.) 0 True 0 False