(Table: Firms 1 and 2 IV) Payoffs represent profits in millions of dollars. 
a. If Firm 1 chooses up, what is the best strategy for Firm 2?
b. If Firm 2 chooses left, what is the best strategy for Firm 1?
c. If Firm 1 chooses down, what is the best strategy for Firm 2?
d. If Firm 2 chooses right, what is the best strategy for Firm 1?
e. What is the game's Nash equilibrium?
Definitions:
Ethanol Fuel
A biofuel alternative to gasoline, made from corn, sugarcane, or other plant biomass, which is used to power vehicles and reduce greenhouse gas emissions.
Aging Process
The natural sequence of physical, psychological, and social changes that occur as living beings advance in age.
Tomatoes
A widely cultivated fruit, botanically a berry, consumed in diverse ways, including raw, as an ingredient in many dishes and sauces, and processed into products like ketchup.
Population
The total number of people inhabiting a particular area, region, or country.
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