two firms at the OT Tambo international airport have franchises to carry passengers to and from hotels in downtown Johannesburg. These two firms, metro uber and urban uber, operate nine passenger cars. these duopolists cannot compete with price, but they can compete through advertising. their payoff matrix is shown below.
does each firm have a dominant strategy? if so, explain that strategy is.
what is the nash equilibrium? explain where the nash equilibrium occurs in the payoff matrix.