2. From the following payoff matrix, where the payoffs are the prof ts or losses of the two firms, determine (a) whether firm A has a dominant
2. From the following payoff matrix, where the payoffs are the prof ts or losses of the two firms, determine (a) whether firm A has a dominant strategy, (b) whether f rm B has a dominant strategy, (c) the optimal strategy for each firm, and (d) the Nash equilibrium, if there is one.Firm BHigh Price(3, 21)Firm A(4,2)* 2(d), Yes, there is a Nash equilibrium, please state the strategy for firm A and firm B at Nash equilibrium
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