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Consider the strategic game between two firms, Innovate Corp and Market Giant, who are deciding whether to 'Launch a New Product' or 'Maintain Status Quo'. The payoff matrix below shows the profits for each firm (Innovate Corp's profit, Market Giant's profit).
| Market Giant: Launch | Market Giant: Maintain | |
|---|---|---|
| Innovate Corp: Launch | (5, 5) | (10, 2) |
| Innovate Corp: Maintain | (2, 10) | (8, 8) |
True or False: In this game, Innovate Corp has a dominant strategy to 'Launch a New Product', but Market Giant does not have a dominant strategy.
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