eLearning Help QUESTION 4 There are two firms in an industry, Firm A and Firm B. If firm A and firm B both advertise, they each will earn $5 million in profits. If neither firm advertises, they will each earn $10 million in profits. However, if one firm advertises and the other does not, the firm that advertises will earn $15 million and the non-advertising firm will earn $1 million. List all EFFICIENT Nash equilibrium to this game? Both firms advertise Firm A advertises and Firm B does not Firm B advertises and Firm B does not Neither firm advertises No efficient Nash equilbrium existsQUESTION 3 Player 2 Left Middle Right PI: $50 PI: $70 PI: $25 Up P2: $50 P2: $30 P2: $25 Plaver 1 PI: $24 PI: $65 PI: $12 Middle P2: $16 P2: 50 P2: $12 PI: $35 PI: $14 PI: $75 Down P2: $58 P2: $47 P2: $70 In the game above list all of the Nash equilbrium O (up, left) O (up, middle) O (up, right) (middle, left) (middle, middle) (middle, right) (down, left) (down, middle) (down, right) No Nash equilibrium