For the next festive season two competing firms (Firm A and Firm B) are drawing their promotional plans. Both believe that their decision making is happening under a game environment with both sides having perfect information. The corresponding game has the following pay-off matrix. Firm B plans Firm A plans Aggressive Normal Moderate Aggressive 300+XX 200+XX 200+XX Normal 200+XX 100+XX 300+XX Moderate 400+XX 300+XX 200+XX Find the optimal strategies for both the firms. XX = last two digits of your roll no.

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A: Please refer the attached image for complete solution. THANK YOU.

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