Coke and pepsi play a simultaneous game depicted in the following payoff matrix pepsi lower advertise 1200| 800 lower price! 1000 1200 coke 1200 1600 advertise 1200 1000 a) does pepsi have a dominant strategy? explain your reasoning. b) does coke have a dominant strategy? explain your reasoning. c) solve for the nash equilibrium of the game (mixed strategy equilibrium)

The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.