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Sample Question 2. Answer the following questions with the payoffs in the normal-form game shown below. Show your work. Ajinomoto Produce 30 million pounds Produce

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Sample Question 2. Answer the following questions with the payoffs in the normal-form game shown below. Show your work. Ajinomoto Produce 30 million pounds Produce 40 million pounds Produce 30 million pounds $180 million, $180 million $150 million, $200 million ADM Produce 40 million pounds $200 million, $150 million $160 million, $160 million a. Find the dominant strategies (if any), and Nash equilibrium in this Prisoners' Dilemma Game. b. What is the actual outcome of this game? c. Is this outcome a most desirable outcome? If not, why not, and how could they improve this situation

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