Consider the following matrix which describes the respective strategies and the corresponding pay-offs of firms A and B operating in a duopoly :


Which of the following statement(s) is/are true for the above game?

Select the correct answer from the codes given below :

(a) Firm A has no dominant strategy.

(b) Firm B has a dominant strategy.

(c) The game has a Nash equilibrium.

(d) Neither Firm A nor Firm B has a dominant strategy.

1
(a), (c)
2
(b), (c)
3
(d) only
4
(a), (b) and (c)

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