Analyze the following pricing game between 2 firms and find the cooperative outcome. What is the joint payoff that the 2 firms will get at this cooperative outcome? Simply add the 2 payoffs under the cooperative outcome and report their sum. Firm 1 High Price Low Price High Price 500, 500 0, 800 Firm 2 Low Price 800, 0 400, 400 Analyze the following game and find the Nash equilibrium. What is the joint payoff that the 2 firms will get at this Nash equilibrium outcome? Find the equilibrium using the standard method then simply add the two payoffs at the equilibrium to find the combined (joint) payoff. Firm 1 High Price Low Price High Price 500, 500 750, 0 Firm 2 Low Price 0, 750 400, 400 Question: What is the cooperative outcome of this game? Click on the matrix cell that corresponds to the cooperative outcome. Please click inside the cell and avoid the edges, so the computer can grade you accurately. Player LEFT RIGHT UP 45, 80 50, 50 Player 2 DOWN 40, 100 60, 60 Question: Which player has a dominant strategy? Click on one of the player boxes, either the box for Player 1 or the box for Player 2. Player 2 LEFT CENTER RIGHT UP 30, 30 12, 50 60, 25 Player 1 MIDDLE 12, 45 40, 60 25, 17 DOWN 25, 25 50, 30 80, 25