Please provide detail explanation about why you chose the strategy you chose and you need to explain which two numbers (or payoffs) you compared. Thank you

3. Look at the advertising game shown below. Firms X and Y each produce televisions. Firm Y M C Firm X M 2, 1 2. 2 C 1. 1 3, 2 (a) Does Firm X have a dominant strategy here? Explain. (3 points) (b) Does Firm Y have a dominant strategy here? Explain. (3 points) (c) Does the above game have a solution/an equilibrium? Provide and explain your answer. (4 points) 4. (a) What is meant by market signaling? (1 point) (b) Explain/describe in words any two concrete examples of market signaling being carried out in practice in two different markets/situations. (Simply writing the name of the market or the activity is not sufficient here). (4 points)