Refer to the pay off matrix-nash equilibrium

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Refer to the pay off matrix below. Which of the following is a Nash equilibrium? (hint first determine whether one of the companies has a dominate strategy)

Company a chooses strategy 1 company b chooses strategy 1

Company a chooses strategy 1 company b chooses strategy 2

Company a chooses strategy 2 company b chooses strategy 2

Company a chooses strategy 2 company b chooses strategy 1

None of the above

Reference no: EM131073932

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