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4. Edgar Allan Metville is a suocessful novelist who is negotiating a contract for a new novel with his publisher, Potboiler Books, Inc. The novelist's

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4. Edgar Allan Metville is a suocessful novelist who is negotiating a contract for a new novel with his publisher, Potboiler Books, Inc. The novelist's contract strategies encompass various proposals for royalties, movie rights, advances, and the like The following payoff table shows the financial gains for the novelist from eqch contract strategy. a. Does this paryoff tabie contain any dominant strategies? b. Determine the strategy for the novelist and the publisher and the gains and losses for each. Problem \#4. page E-11 (12 pts) (1) What is the QM's result for the best strategy of Row player? What does the result tell us? (2) What is the QM's result for the best strategy of Column player? What does the result tell us? (3) What is the value of the game as given in the QM result? (4) Is the best strategy a pure strategy or a mixed strategy? a. A pure strategy b. A mixed strategy

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