BIOLAB is a company is deciding whether to introduce a new product. A competitor, AllStar, is waiting for BIOLAB's decision before deciding if it wants to introduce a similar product. The game tree below shows the possible outcomes for this extensive-form game. If BIOLAB introduces its new product, BIOLAB earns 50 million in new revenues and AllStar earns no new revenues because it will not introduce a similar product. If BIOLAB does not introduce a new product, AllStar will decide whether or not to introduce its similar product. If AllStar introduces its new product, it earns 75 million in new revenues and BIOLAB earns no new revenues because it had not introduced its new product. If AllStar does not introduce its new product, it earns no new revenues and BIOLAB earns no new revenues because it had not introduced its new product. a. Using backward induction, determine if there is a subgame perfect equilibrium in this scenario. b. Could you propose a different strategy in this scenario so that a better outcome may occur