Two Electronic Retailers, Biggest Buy and Connection City, Are Considering

Two electronic retailers, Biggest Buy and Connection City, are considering entering a small town.Biggest Buy is the larger and more profitable of the two rivals.Each firm can either enter the market or not.The table shows the payoff matrix of daily profits that each firm would receive from its entry decision, given the entry decision of its rival.Profits in each cell of the payoff matrix are given as (Biggest Buy, Connection City).Are there any dominant strategies in the game? If this game is played only once and each firm makes the entry decision independently, what is the Nash equilibrium of this game? Explain your conclusions.