Question #3: Dell and Sony compete primarily by price. Each firm must choose either a high price or a low price simultaneously. Use the following information to create the profit matrix: 1. If Dell and Sony both set high prices, Dell's prot is $40 million and Sony's prot is $35 million. 2. If Dell sets high price and Sony sets low price, Dell's prot is $25 million and Sony's prot is $40 million. 3. If Dell sets low price and Sony sets high price, Dell's prot is $50 million and Sony's profit is $10 million. 4. If Dell and Sony set low prices, Dell has $20 million and Sony has $15 million. Please answer the follow questions: a. Does Sony have a dominant strategy? Dell? If so, which one? I}. If Dell and Sony maximize their profits noncooperatively, what is the Nashequilibrium for this profit matrix? c. Instead. if Dell and Sony maximize their joint prots cooperatively, what is the equilibrium? Assume they keep their agreements