Use this table for questions 7-9 Your Rival k Advertise A2323; You Advertise Do Not Advertise The matrix above represents a one-shot game. Your payoff is the rst number in the parentheses (for example: (10. 3)). Your rival's payoff is the second number (for example: (10. 3)). Please answer the following: Question 7 Not yet answered Points out of 1 .00 r Flag question Your dominant strategy is to: Select one: Oa. Advertise. Ob. Don't advertise. Oc. You don't have a dominant strategy. Od. None of the above. Question 8 Not yet answered Points out of 1.00 e Flag question The Nash equilibrium is: Select one: Oa. (20,12) Ob. (17,14) Oc. (15.15) 0d. (19,12) Question 9 Not yet answered Points out of 1 .00 r Flag question Your rival's dominant strategy is to: Select one: Oa. Advertise Ob. Don't advertise Oc. Both A and B 0d. None of the above Figure 5 PRICE AND 6051' [Dollars per month] 100 80 How cm 60 Average Cut 40 Demand 20 Hamel Rowan l] 20 40 60 80 100 HOUSEHOLDS SERVED If this natural monopolist charged a price that maximized prots, what would that price be? Select one: Oa. $40 Ob. $50 Oc. $70 Od. $90