Does either firm have a dominant strategy?

As p Show more Bs Strategy Advertise Dont Advertise As profit $75 million As profit $200 mill. Advertise Bs profit $75 million Bs profit $50 mill. As Strategy Dont As profit $50 million As profit $100 mill. Advertise Bs profit $200 mill. Bs profit $100 mill. Firm A and Firm B have the choice to advertise or not. The resulting profits are shown above. If this game is played once what is the outcome of this game? Does either firm have a dominant strategy? Is the outcome a Nash Equilibrium? Is this a form of a prisoners dilemma game? If so how can the firms overcome the prisoners dilemma? Show less

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