One important strategy that an oligopolist can use to deter market entry is to threaten to lower its price and thus impose a loss on a potential entrant. However, such a threat only works if it is credible. Suppose Firm B is considering entering the market, the above table (matrix) shows the pay offs in US$ millions for each firm. If Firm A threatens to charge a Low Price to deter entry by Firm B, based on the above information: Do the Firms have a dominant strategy? Explain Is there a Nash Equilibrium? Explain Is the threat credible? Why