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1.11 Suppose that Panasonic and LG are the only two firms that can produce a new type of holographic TV. The payoff matrix shows the firms' profits (in millions of dollars) Panasonic. Enter Do Not Enter -40 Enter LG -40 250 250 Do Not Enter 0 0 a. If both firms move simultaneously, does either firm have a dominant strategy? Explain. b. What are the Nash equilibria given that both firms move simultaneously? c. The South Korean government commits to pay LG a lump-sum subsidy of $50 million if it enters this market. What is the Nash equilibrium