Multiple choice questions Circle the letter next to the correct answer to each question. No explanation is required. 6. (10 points total) Consider the game specied in the following table. ABC INC. Offer Rebate No Rebate XYZ Offer Rebate 20,10 Corp No Rebate 12,16 a) (5 points) Which of the following is true about the game above? (Recall: A player's strategy is dominant when it is her best strategy, regardless of her opponent's strategy.) A. ABC's dominant strategy is to offer a rebate; XYZ has no dominant strategy. . ABC's dominant strategy is not to offer a rebate; XYZ has no dominant strategy. . XYZ's dominant strategy is to offer a rebate; ABC has no dominant strategy. B C D. XYZ's dominant strategy is not to offer a rebate; ABC has no dominant strategy. E. For both ABC and XYZ, offering a rebate is a dominant strategy. b) (5 points) What are the Nash equilibrium strategies in the game above? A. (Offer Rebate, Offer Rebate). B. (Offer Rebate, No Rebate). C. (No Rebate, Offer Rebate). D. (No Rebate, No Rebate). E. Both (Offer Rebate, Offer Rebate) and (No Rebate, No Rebate)