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Refer to the matrix below. The two non-collusive domestic airlines, Airline Q and Airline VB are playing a game where they have to choose whether

Refer to the matrix below. The two non-collusive domestic airlines, Airline Q and Airline VB are playing a game where they have to choose whether to "advertise" or "not" to promote their businesses. The outcomes of their profit (in $ '000 M) are summarized below.

Airline VB

Advertise No advertise

airline Q Advertise 60, 60 100, 50

No advertise 50, 100 80, 80

2. a.i) What is the dominant strategy for Airline "VB" and Airline "Q"?

a.ii) Is there a NASH equilibrium? If so, what is the profit of each airline?

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