Course Hero * Southern New Hampshire Univer x B 7-1 Quiz - ECO-201-T2864 Micro x MindTap - Cengage Learning X + X A ng.cengage.com/staticb/ui/evo/index.html?deploymentld=5981412353502464190243042516&eISBN=9780357133576&id=1327466681&snapshotld=2654212& Ramel CENGAGE |MINDTAP Q Search this course ? My Home Module Seven Quiz X Courses Back to Assignment Catalog and Study Tools Attempts Keep the Highest / 3 A-Z Rental Options 7. High-tech Industry College Success Tips Synergy and Dynaco are the only two firms in a specific high-tech industry. They face the following payoff matrix as they decide upon the size of their research budget: Career Success Tips ? Help Synergy's Decision Give Feedback Large Budget Small Budget Large Budget $20 million, $25 million $15 million, $0 Dynaco's Decision Small Budget $0, $60 million $25 million, $30 million If Synergy believes Dynaco will go with a large budget, it will choose a budget. If Synergy believes Dynaco will go with a small budget, it will choose a budget. Therefore, Synergy a dominant strategy. If Dynaco believes Synergy will go with a large budget, it will choose a _ budget. If Dynaco believes Synergy will go with a small budget, it will At choose a budget. Therefore, Dynaco a dominant strategy. True or False: There is a Nash equilibrium for this scenario. (Hint: Look closely at the definition of Nash equilibrium.) O True O O False Grade It Now e & Continue Continue without saving 9 0 M 1 9 7 3:31