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Before continuing with costly legal counsel, the manufacturer hired G&B Consulting to help them determine their best strategy. This was potentially a very lucrative contract,

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Before continuing with costly legal counsel, the manufacturer hired G&B Consulting to help them determine their best strategy. This was potentially a very lucrative contract, and a high profile one too since the manufacturer is one of the biggest employers in the area. Therefore, several analysts at G&B Consulting, including you, were asked to tackle the problem independently to help ensure the best possible results. Before compiling a final report give Competitor to to the Manufacturer Sue Don't Sue Sue (5, - 5) (20, -20) Don't Sue (-15, 15) (-10, 10) manufacturer, the results were presented to the project lead: The first solution brought up was given by one of your coworkers. Using the manufacturer's projections of profits solely, he was able to create the following payoff matrix where each entry is in millions of dollars annually: This coworker concluded that the manufacturer should always do the opposite of the competitor chooses making this a strictly competitive game. Slide 4 . Using the payoff matrix shown above, determine if the manufacturer has a dominant strategy. Show and explain all steps. Using the payoff matrix shown above, determine if the competitor has a dominant strategy. Show and explain all steps. Slide 5 . Find all Nash equilibrium points. Show and explain all steps. Identify the optimum strategy of the game. Slide 6 . Do your results match those of your coworkers? Explain why you agree or disagree

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