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b) Assume that Mirror Tech and MK Designs are two tech companies that produce 3-D printers. They are both considering whether to advertise or not

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b) Assume that Mirror Tech and MK Designs are two tech companies that produce 3-D printers. They are both considering whether to advertise or not to advertise their 2021 series 3-D printers. The payoffs represent the profit in thousands ($1000s) per month, and are given in the normal form of the game below: Mirror Tech Advertise Don't Advertise Advertise 700, X 430, 500 MK Designs Don't Advertise Y, 520 510, 390 Select a value for X between (642 - 1099) and a value for Y between (520-688). i) Using the underlining method, find any pure strategy Nash equilibrium or equilibria in the above game. Be sure to show the values underlined. (2 mark) ii) List any Dominant Strategies that might exist in the above game. (2 mark) iii) Assume that this game is repeated each month with the same payoffs. If both firms decide to select a mixed strategy where they will choose to advertise 30% of the time and choose not to advertise the other 70% of the time. Calculate the expected payoff for Mirror Tech and for MH Designs? (6 marks)

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