Consider the hypothetical example using game theory. Assume that it is a one-off simultaneous move game, and that each player only cares about their own payoff. LG and Samsung are deciding whether or not to release a new 360-degree camera. If both LG and Samsung release the camera, then LG will make $20 million profit, and Samsung will make $40 million profit. If LG releases the camera, and Samsung does not, then LG will make $30 million profit and Samsung will make $0 profit. If LG does not release the camera, and Samsung does, then LG will make $30 million profit, and Samsung will make $60 million profit. If neither LG nor Samsung release the camera, they both receive $0 profit. 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? If so, what is it? If not, explain why not. [2 marks] d) Does Samsung have a dominant strategy? If so, what is it? If not, explain why not. [2 marks] e) Find the Nash Equilibrium of the game. [1 mark] f) Explain why the Nash Equilibrium is a likely outcome for this game. [2 marks]