(Answered) Godrickporter and star connections are the only two airport

Economics

Godrickporter and Star Connections are the only two airport shuttle and limousine rental service companies in the mid-sized town of Godrick Hollow. Each firm must decide on whether to increase its advertising spending to compete for customers. Table 14-1 shows the payoff matrix for this advertising game.

Refer to Table 14-1. What is the Nash equilibrium in this game?

Godrickporter increases its advertising budget, but Star Connections does not.
There is no Nash equilibrium.
Both Godrickporter and Star Connections increase their advertising budgets.
Star Connections increases its advertising budget, but Godrickporter does not.

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