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Two law firms compete for most of the market in the small town of Grumbleton, and must choose their advertising levels simultaneously.The following payoff table

Two law firms compete for most of the market in the small town of Grumbleton, and must choose their advertising levels simultaneously.The following payoff table facing the two firms,Jackie Chiles Law, LLCandLionel Hutz Law Firm, shows the weekly profit outcomes for the various advertising decision combinations.Use this payoff table to answer the following three questions.

[Blank for Formatting]Hutz Advertising Level: LowHutz Advertising Level: HighChiles Advertising Level: Low$2500/$2500$1500/$3500Chiles Advertising Level: High$3500/$1500$2000/$2000

Jackie Chiles Law, LLChas

Select one:

a.a dominant strategy: choose a low level of advertising.

b.a dominant strategy: choose a high level of advertising.

c.no dominant strategy; choose a high level ifHutzchooses high, and a low level ifHutzchooses low.

d.a dominated strategy; never choose a high level of advertising.

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