Q.l You are hiring four skilled executives for your company. The skills required are very specic and there is very limited pool of talent in the industry who possess these skills. Though it is not impossible but very expensive to attract talent from other companies. The current resources can be trained on these skills but the time required is very long and in turn may affect competitive advantage. Your competitor companies are also aware of this situation and are also taking steps to retain the talent. Assume this to be a game theory problem and answer the following questions a) What are the strategies available for your company in this scenario? Justify your answers with proper assumptions. b) What are the strategies for your competitors? Justify your choices. c) What type of information is needed for calculating the payoff for each choice that you and your competitor may select? Why? d) With appropriate assumptions, construct a payoff matrix for this game theory problem. Q.2 Explain the median voter theorem with appropriate game theory application. Q.3 How are cooperative games different than competitive games? Explain the concept of shapley value with an example