For questions 27 - 28 use the following information. Consider the following simultaneous-move game Firm 2 X Y 8 9 X 4 4 Firm 1 0 5 Y 1 CT 27. Identify whether each of the following statements is true or false: I. Both firms have a dominant strategy (True or False) II. (X, X) is the only Nash equilibrium of the game (True or False) III. Both firms have a dominated strategy (True or False) IV. (Y, Y) is the only Nash equilibrium of the game (True or False)