Econ question:

Firm B is considering entering into the market. If rm B decides to enter, it will face competition of the incumbent firm A' Based on the following matrix of payoffs, what is the expected outcome (the Nash equilibrium): Strategies for Firm B Enter Not enter Maintain A} prot = $4M A's prot = $20M Es prot = $-10M 13'} prot = $0 Strategies for Firm A Exit 5;; prot = $-20M "A; prot = $-20M 1_3_' prot = 6M 3'3 prot = $0 O a. A: Exit, B: Enter 0 b. A: Maintain, B: Not enter 0 c. There is no Nash equilibrium in pure strategies 0 cl. A: Maintain, B: Enter 0 e. A: Exit, B: Not enter