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Present information in the form of a payoff matrix

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Two design companies, are competing for customers and if both advertise, $30 million profits would be made, if both companies choose to not advertise then $50 million in profits would be made. If one company advertises it earns $40 million in profit while the one that doesn't only earns $20 million in profit.

Present information in the form of a payoff matrix, where Lebaine is the row player whilst Alistair is the column player, Is there a dominant strategy for Baine and, if so, what is it?

Reference no: EM132117681

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