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Suppose the monthly market demand for airliners is given by the correspondence Q(airliners)=10- 0.05P($min) and the table Quantity (airliners) Price ($ min) Total revenue Marginal ($ min) revenue ($ min) 0 200 0 NA 190 190 190 N 180 360 170 W 170 510 150 160 640 130 150 750 110 140 840 90 130 910 70 120 960 50 9 110 990 30 10 100 1000 10 11 90 990 -10 12 80 960 -30 13 70 910 -50 14 60 840 -70 15 50 750 .90 16 40 640 -110 17 30 510 -130 18 20 360 150 19 10 190 -170 20 0 0 -190Suppose there are two companies that produce airliners: Beong and Airsub. They both use the same technology, so that their costs are described by the same expressions: Tcm" =5 Bil-um\Another way of winning an advantage for Airsub or Beong would be to introduce new airliners. For instance, there is a plan for a supersonic business aircraft to be presented in a couple of years. It is a very costly enterprise with unclear market capacity. What is clear is that economies of scale might make the project profitable in case a substantial number of airliners is sold. Suppose both are considering producing a new aircraft. The profits subject to the actions of both companies are given in the table. Beong Produce the supersonic aircraft Don't produce Airsub Produce the nAirsub= -$400 min nBeons= -$400 mln nAirsub=$800 min neons= $0 min supersonic aircraft Don't produce nAirsub=$ 0 min nBeone=$800min nAirsub= $0mln nBeans=$ 0min 13 (2 points) In the situation when Airsub is the first company to announce its plans to create a supersonic airliner, what will be outcome in the industry? Please explain your answer 14 (2 points)What is the Nash equilibrium in this game? Please provide explanations Suppose the European government decides to support Airsub and subsidizes the development of the supersonic airliner. In case the Airsub company produces the airliner, the government pays $800 min to Airsub. Beong Produce the supersonic aircraft Don't produce Airsub Produce the nairsub= $ min nBeong= -$400 min nAirsub= $ min Beons= $0 min supersonic aircraft Don't produce Airsub= $ min neeong= $800 min nAirsub= $ min nBeong= $ 0minE (1 point] Please, fill in the table above using the previous table and the information about newr subsidies. E (2 points} What is the Nash equilibrium in this case? Please, provide explanations. E (3 points! If you compare the two Nash equilibria before and after the subsidy, what might be consequences for the global airliner industry as the European government subsidizes its regional company