Examine the game below regarding the race for high-definition video development, wherein both sides choose effort levels simultaneously.
Payoffs for High-Definition TV Race (U.S. payoff, Japan payoff)
Japan
Low Effort High Effort
U.S.
Low Effort
(4,3)
(2,4)
High Effort
(3,2)
(1,1)
Talk about strategies and equilibrium for this game in the space below.