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Two companies are figuring out if it is in their interest to cooperate, however there is also some gain from cheating the other company and
Two companies are figuring out if it is in their interest to cooperate, however there is also some gain from cheating the other company and deviating from cooperation. These gains can be seen in the following matrix. What is the Nash equilibrium(s)? (Explain step by step how you reach your equilibrium, either by strictly dominated strategies or best answers). Where cooperate is to cooperate and defect is to deviate (in the rows player 1, in the columns player 2)
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