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HW help, if you can. Thank you! Two firms compete by advertising. Given the payoff matrix to this advertising game, identify each firm's best response

HW help, if you can. Thank you!

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Two firms compete by advertising. Given the payoff matrix to this advertising game, identify each firm's best response to its rival's possible actions. If Firm 2 does not advertise, then Firm 1 should and if Firm 2 advertises, then Firm 1 should Firm 1 No Ads Advertise If Firm 1 does not advertise, then Firm 2 should and if Firm 1 advertises, then Firm 2 should 5 No Ads Does either firm have a dominant strategy? 10 0 Firm 1's dominant strategy is to and Firm 2's dominant strategy is to Firm 2 10 5 What is the Nash equilibrium? Advertise O A. This game has no Nash equilibria. 20 15 O B. The Nash equilibrium is for Firm 1 to not advertise and Firm 2 to advertise. O C. The Nash equilibrium is for Firm 1 to advertise and Firm 2 to not advertise. O D. The Nash equilibrium is for both firms to not advertise. O E. The Nash equilibrium is for both firms to advertise

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