Two large electronic retailers, Biggest Buy and Connection City, are considering entering a small town. Each firm can either enter the market or not. The table shows the payoff matrix. 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. 
Definitions:
Mechanical Repetition
The act of repeating an action or a set of words mindlessly or without understanding, often for learning or practice.
Objective Sensations
Perceptions that correspond to external stimuli and are not influenced by personal feelings or interpretations.
Positive Reinforcement
A process in behavioral psychology where the introduction of a positive stimulus following a desired behavior increases the likelihood of that behavior being repeated.
Structuralists
Individuals associated with an approach in psychology that explores the elemental structure of the human mind, primarily through introspection.
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