a. What (if any) is the dominant strategy for each rm? b. Is there a Nash equilibrium? Briey explain

Apple High Microsoft earns $1 billion High Microsoft a. b. Microsoft earns $8 billion Microsoft earns $10 billion Apple earns $6 billion Microsoft earns $4 billion Apple earns $2 billion Apple earns $6 billion Apple earns $3 billion What (if any) is the dominant strategy for each firm? Is there a Nash equilibrium? Briefly explain.