Saudi Arabia's (S) Choices Low Output High Output Low Output S: $100 million profit S: $75 million profit Nigeria's N: $20 million profit N: $12 million profit (N) Choices S: $80 million profit S: $60 million profit High Output N: $30 million profit N: $20 million profit Suppose OPEC has only two oil producers: Saudi Arabia and Nigeria. The above payoffmatrix shows the daily profits earned by each country. "Low Output" corresponds to producing the OPEC assigned quota. "High Output" corresponds to producing more than the assigned quota. Is there a dominant strategy for Saudi Arabia and, if so, what is it?Saudi Arabia's (S) Choices Low Output High Output S: $100 million profit Low Output S: $75 million profit Nigeria's N: $20 million profit N: $12 million profit (N) Choices 5: $80 million profit 5: $60 million profit High Output N: $30 million profit N: $20 million profit Suppose OPEC has only two oil producers: Saudi Arabia and Nigeria. The above payoff matrix shows the daily profits earned by each country. "Low Output" corresponds to producing the OPEC assigned quota. "High Output corresponds to producing more than the assigned quota. Is there a dominant strategy for Nigeria and, if so, what is it?Saudi Arabia's (S) Choices Low Output High Output S: $100 million profit S: $75 million profit Low Output Nigeria's N: $20 million profit N: $12 million profit (N) Choices S: $60 million profit High Output S: $80 million profit N: $30 million profit N: $20 million profit Suppose OPEC has only two oil producers: Saudi Arabia and Nigeria. The above payoff matrix shows the daily profits earned by each country. "Low Output" corresponds to producing the OPEC assigned quota. "High Output" corresponds to producing more than the assigned quota. What is the Nash Equilibrium in this game