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. Toyota and Ford can choose to manufacture one of three types of vehicles: truck, mid-size cars, or compact cars. The following table shows how

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. Toyota and Ford can choose to manufacture one of three types of vehicles: truck, mid-size cars, or compact cars. The following table shows how each rm's prot depends on the choices both rms make. In each cell, the bottom left value represents the payoff to Toyota and the top right value represents the payoff to Ford. Ford Truck Mid-size Com : act If the rms act simultaneously, what, if any, are the pure-strategy Nash equilibria? Explain how you found the equilibria or show that there is none. (Hint: You might draw circles or squares to indicate best responses.) (5 pts)

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