QUESTION 4: Simultaneous and Sequential game (3*5=15 points): Consider the following payoff matrix, where the payoffs are profits in thousand $. Explanation of payoff: If Player 1 chooses Strategy A and player 2 chooses Strategy B then Player 1 gets $100,000 and Player 2 gets $50,000 Player 2 Strategy A B C A 250, 200 100. 50 170, 270 Player 1 B 260, 140 170,170 130, 130 C 240, 300 120, 130 125, 140