Every year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator, who chooses the best proposal {effectively giving one side or the other $5 million). Each side can choose to hire, or not hire an expensive labor lawyer (at a cost of $200,000) who is effective at preparing the proposal in the best light. If neither hires a lawyer or if both hire lawyers, each side can expect to win about half the time. If only one side hires a lawyer, it can expect to win nine tenths, or 0.9, of the time. Use the given information to fill in the expected payoff, in dollars, for each cell in the matrix. (Hint: To find the expected payoff, multiply the probability of winning by the dollar amount of the payoff. Be sure to account for lawyer costs, which are incurred with certainty it a lawyer is hired.) Management (M) No Lhwyer M: S No Lawyer L: S LS Labor (L) Lawyer MS M: S Lawyer L: S M: S LIS The Nash equilibrium for this game is for Management to a lawyer, and for Labor to a lawyer