answer both questions tin and tix- Make sure to sufciently explain your answers and to show appropriate working. lliluestiion E1 [1t] marks] Consider the hypothetical example using game theory. Assume that it is a one-off simultaneous moye game, and that each player only cares about their own payoff. LG and Samsung are deciding whether or not to release a new EEG-degree camera- If both LG and Samsung release the camera, then LG will make $2 million prot, and Samsung will make $413 million prot. If LG releases the camera, and Samsung does not, then LG will make $30 million prot and Samsung will make $0 prot. If LG does not release the camera, and Samsung does, then LG will make $3 million prot, and Samsung will make $ED million prot. If neither LG nor Samsung release the camera, they both receive $ prot. a} Depict the above outcomes in a payoff matrix. [2 marks] b} If LG releases the camera, what is Samsung's best response? [1 mark] c} Does LG have a dominant strategy? It so, what is it? If not, explain why not. [2 marks] d} Does Samsung have a dominant strategy? It so, what is it? If not, explain why not. [2 marks] e} Find the Nash Equilibrium of the game. ['1 mark] 1\"] Explain why the Nash Equilibrium is a likely outcome for this game