4. Suppose in 1977 Honda and Toyota each have to decide whether to build an automobile plant in the North American market. The payoff matrix below shows Honda's payoff on the left, and Toyota's on the...

Extracted text: 4. Suppose in 1977 Honda and Toyota each have to decide whether to build an automobile plant in the North American market. The payoff matrix below shows Honda's payoff on the left, and Toyota's on the right. Is there a Nash equilibrium? If so, where, and how do you know? Тoyota Build small Don't build anything plant Build small 16, 16 20, 15 Honda plant Don't build anything 15, 20 18, 18