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The two competitors represented in the payoff matrix below each face important strategic decisions. The payoff to each decision depends upon reactions of' the competitor. Firm X can choose either row in the payoff matrix dened below, whereas rrn Y can choose either column. For furn X the choice is either "up\" or \"down;" for f'urn Y the choice is either "left" or "right." The first number in each cell is the prot payoff to firm X; the second number is the profit payoff to firm Y. - Firrn Competitive Left Right X Strate g. m Is there a dominant strategy for X? Is there a dominant strategy for Y? Explain. Is there a secure strategy for X? Is there a secure strategy for Y? Explain. Is there a Nash Equilibrium? Explain. A. B. C. D. Would this be considered a Prisoner's garne'?I