# Economics

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In a one-shot game, if your rival advertises and you advertise, he will earn \$7 million and you will earn \$2 million in profits. If neither of you advertise, you will make \$4 million and he will make \$2 million. If you advertise and your rival does not, you will make \$3 million and your rival will make \$8 million. If your rival advertises and you do not, he will make \$1 million and you will make \$3 million

. Write the above game in normal form.

b. Do you have a dominant strategy? If yes, what is it?

c. Does your rival have a dominant strategy? If yes, what is it?

d. What is the Nash equilibrium for the one-shot game

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