(Solution) - The Ulysses Corporation and the Xenophon Company are the only -(2025 Original AI-Free Solution)

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The Ulysses Corporation and the Xenophon Company are the only producers of a sophisticated type of camera. They each can engage in either a high or a low level of advertising in trade journals. The payoff matrix is as follows:

a. Will Ulysses engage in a high or a low level of advertising in trade journals?
b. Will Xenophon engage in a high or a low level of advertising in trade journals?
c. Is there a dominant strategy for each firm?