Q1 Please answer!

1. Suppose that United Airlines and Frontier Airlines (a budget carrier) are the only carriers that serve the Charlotte-NYC market, and that their payoff matrix for their advertising decisions is as given below. TWA Leave ad Raise ad spending spending the same Raise ad $3000 for United $8000 for United spending $8000 for Frontier $4000 for Frontier United Leave ad spending $4000 for United $5000 for United the same $5000 for Frontier $2000 for Frontier a. Does United have a dominant strategy? b. Does Frontier have a dominant strategy? c. If each firm does the best it can, given what it knows about the incentives facing the other, what will happen in this game? d. Is this a prisoner's dilemma