Identify and explain the Nash equilibrium. Identify the dominant strategy equilibrium.

Profit in Rm Improving New Products Higher Quality Discounts Better Customer Service 120, 90 115, 95 70, 80 Improving A 100, 70 90, 100 60 80 Warranties Lower Prices 90, 60 120, 70 105, 75 Higher 80,70 85, 90 90, 85 Advertising