Could you please help me with the following questions?Thank you

QUESTION 13 1 point Table 17-24 Two firms are considering going out of business and selling their assets. Each considers what happens if the other goes out of business. The payoff matrix below shows the net gain or loss to each firm. Firm A Stays in business Sells business Stays in business gains $9 million gains $7 million Firm B B gains $7million B gains $15 million Sells business A gains $15 million A gains $1 million 3 gains $8 million 3 gains $3 million Refer to Table 17-24. Which firm's dominant strategy is to sell? a. firm B's but not firm A's O b. firm A's but not firm B's c. neither firm A's nor firm B's O d. firm A's and firm B's QUESTION 14 Table 17-25 There are just two producers of a certain product. Each is considering offering promotional discounts. Firm A Does not offer discount Offers discount Does not offer discount Firm A profit = $90,000 Firm A profit = $120,000 Firm B Firm B profit = $90,000 Firm B profit = $70,000 Offers discount Firm A profit = $70,000 Firm A profit = $80,000 Firm B profit = $120,000 Firm B profit = $80,000 Refer to Table 17-25. The dominant strategy a. for firm A is to offer the discount. The dominant strategy for firm B is to not offer the discount. O b. for both firms is to not offer the discount. O c. for both firms is to offer the discount. O d. for firm A is to not offer the discount. The dominant strategy for firm B is to offer the discount. QUESTION 15 Table 17-30 Imagine a small town in which only two residents, Abby and Brad, own wells that produce safe drinking water. Each week Abby and Brad work together to decide how many gallons of water to pump. They bring water to town and sell it at whatever price the market will bear. To keep things simple, suppose that Abby and Brad can pump as much water as they want without cost so that the marginal cost is zero. The weekly town demand schedule and total revenue schedule for water is shown in the table below: Quantity Total Revenue in gallons) Price and Total Profit) $12 So SII SII $10 $20 $9 $27 $8 $32 $35 10/10/2020 Take Test: Chapter 17 HW - Graded - UML Principles of ... P36 $35 $4 $32 $3 $27 $20 SI $11 12 so so Refer to Table 17-30. Discuss the difference between the monopoly outcome and the Nash equilibrium. T T T Arial V 3(12 p1) T - - E . V. DIRY