Refer to the following formula for expected payoff: Expected payoff = [Probability of rival matching * Loss from price cut] + [Probability of rival not matching ~ Gain from price cut] Suppose the payoff to each of four strategic interactions is as follows: Your Company's Action Reduce price Don't reduce price Rival Response Reduce Price Don't Reduce Price Loss = $500 Gain = $15,000 Loss = $10,000 No loss or gain Instructions: Enter your responses as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. If the probability of rivals matching a price reduction is 90 percent, what is the expected payoff of a price cut? $ b. If the probability of rivals reducing price even though you don't reduce your price is 2 percent, what is the expected payoff of not reducing price? $