(e) Assume players are profit maximizers. Forthe symmetric duopoly described below, derive the simultaneous and sequential quantity choice equilibria, and show which model creates the smaller dead weight loss. P00 = 1 - Y. where 2 3 Y = E y. and aha) = 1E} (f) Now suppose that P0) = 1 - Y. where Y: E y and aha) = 1E} , derive the relative profit :1 a r i i i f i=1a maximizing quantity and corresponding market price. (g) Reflect on the differences between absolute and relative profit maximizing behavior. Why choose one over the other? Present pros and cons for both