Consider the following payoff matrix for duopoly ABC and XYZ XYZ Firm High Price Low Price High Price 100, 100 25,140 ABC Firm Low Price 140, 25 80, 80 (a) What is the dominant strategy for ABC Firm and XYZ firm? Explain. (6 marks) (b) Find the Nash Equilibrium. Explain. (3 marks) (c) Explain why oligopolists have trouble maintaining monopoly profits. (4 marks) (d) If both firms use a maximin strategy, what will be the resulting equilibrium? Explain. (7 marks) (e) Explain the outcome if ABC and XYZ are expected to compete in the market for a long period of time