The following payoff matrix represents the long-run payoffs for two duopolists faced with the option of buying or leasing buildings to use for production. (A) Determine whether any dominant strategies exist and state what it is
(B) determine whether or not there is a Nash equilibrium and state what it is.
Firm 1 Firm 1
Lease Building Buy Building
Firm 2 Lease F1 = 500, F2 = 400 F1 = 750, F2 = 400
Firm 2 Buy F1 = 400, F2 = 750 F1 = 200, F2 = 600

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.