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Hi, can I get the solution for below questions? Thanks! Two studios, Studio Luna and Moonlight Movies are producing major action movies and must choose

Hi, can I get the solution for below questions? Thanks!

Two studios, Studio Luna and Moonlight Movies are producing major action movies and must choose between release on Dec 11 or 18. If both films open on Dec 11, each will sell 200,000 tickets. If one opens on Dec 11 and the other on Dec 18, then the early release will sell 350,000 tickets, while the later release will sell 150,000. If both open on Dec 18, each will sell 100,000 tickets.

(a) Suppose that the studios choose their launch dates simultaneously. Construct a payoff matrix and solve the game

(b) If one studio release ahead of the other, does the first- mover have an advantage? Explain your answer with a suitable decision tree diagram form.

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