Please help me solve these 2 questions with working.

1. Katy and Taylor are singers who are having a public feud. They both plan to release a new album at about the same time and have the opportunity to include a song that disses (disrespeets) the other. Given the expectations of their fans. the impact on their reputations. and other factors. the impact on each singers protability is given in the payoff matrix below: . . Taylor: Don't - hymn DIES . , K: $5M K: $25M Kati\" mums T. $20M '1'. $15M a. What would be the outcome in this situation? Explain. What will be the outcome for each singer in terms of the pmt made? b. What. would be the outcome if Katy was able to release her album rst? Use a decision tree to illustrate this situation. 2. Consider an industry that has eleven rms with the following market shares: 2515101010555555 a. Calculate the Herfmdahl-Hirschman Index for this industry. b. The second largest rm decides to acquire one ofthe smallest rms in order to better compete with the largest rm. How will the Deparhnent oflustice and the Federal Trade Commission react to the proposed deal