1. Suppose that in the punitive damages phase of the Exxon Valdez case, both sides expect an award of $2 billion on appeal, and that if they proceed with the case without settling, the additional fees will be $100 million for Exxon and $50 million for the claimants. On a number line similar to those in Figure 15.1, indicate the expected judgment (J), each side’s threat point (Tp and Td), and the settlement range.