Managerial Economics

The two banks operate in a duopoly market, and each is considering whether to cut interest rates or leave the same. They have the following payoff matrix: Bank B Maintain rate Cut rate Bank A Maintain rate (50,50) (20,70) Cut rate (70,20) (30,30) Question: 1. Do both banks have the same dominant strategy? 2. Is there any chance that both banks will do their job