Cоcа-Cоlа Cheаt Cоoperate Pepsi Cheat 80, 100 250, 50 Cooperate 90, 350 240, 300 The Cola market is dominated by two large firms, Coca-Cola and Pepsi. Both Coca-Cola and Pepsi have two choices or strategies: cooperate by cutting back on advertising or cheat by increasing advertising. The payoff table shows the potential revenues (in millions of dollars) associated with each firm’s strategies. For instance, if Coca-Cola cheats and Pepsi cooperates, the payoff to Coca-Cola is $350 million and the payoff to Pepsi is $90 million. Does Coca-Cola have a dominant strategy? If so, what is it? Does Pepsi have a dominant strategy? If so, what is it? Coca-Cola [yn1] a dominant strategy, and that strategy is to [stat1]. Pepsi [yn2] a dominant strategy, and that strategy is to [stat2].