Use the information in the following table, which summarizes the payoffs (i.e., profit) to two firms that must decide between an average-quality and a high quality product, to answer the questions that follow:
|Average Quality||High Quality|
|Firm 1||Average Quality||600, 600||400, 1100|
|High Quality||1100, 400||900, 900|
What is the Nash equilibrium strategy in this game? Is this an example of a prisoner’s dilemma game? Why or why not?