Does either player have a dominant strategy here

Reference no: EM131072291

Taylormade and Titlelist are considering a production strategy for their new golf drivers. If they each produce a small output, they can price the product higher and make more profit than if they each produce a large output. Their payoff/profit matrix is given below.

(a) Does either player have a dominant strategy here?

(b) What is the Nash equilibrium to the game?

Reference no: EM131072291

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