Advertising 2, 30 25, 25 Entries in the payoff matrix are profits. Buy-Rightquot;s profit is before the comma, Acmequot;s is after the comma....

Advertising 2, 30 25, 25 Entries in the payoff matrix are profits. Buy-Right"s profit is before the comma, Acme"s is after the comma. A. Describe what is meant by a dominant strategy. B. Given the payoff matrix above, does each firm have a dominant strategy? C. Under what circumstances would there be no dominant strategy for one or both firms?