Consider the following game in which two firms decide how much of a homogeneous good to produce. The annual profit payoffs for each firm are stated in the cell of the game matrix, and Firm A's payoffs appear first in the payoff pairs:

	Firm B - low output	Firm B - high output
Firm A - low output	300, 250	200, 100
Firm A - high output	200, 75	75, 100

Suppose the technology decision between A and B will be made simultaneously. Answer the following questions:

(a)What is (are) the dominant strategy (strategies) in this game? Explain interms of the payoffs.

(b) Identify the Nash equilibrium (equilibria), if there is (are) any, for this simultaneous decision. Explain.