Suppose that Big Bad Company (BB) is an existing firm producing bricks. New Entrant (NE) is a potential new entrant in the brick market. Big Bad says that if NE enters, then it will force them out of the market. Specifically, if BB keeps NE out of the market, it will earn $100 million in revenue. If NE enters and BB fights, BB will earn $-25 million and NE will earn $-25 million. If NE enters and BB does not fight, BB will earn $50 million and NE will earn $50 million. BB = c. NE = d. Do not enter Enter BB = e. NE = f. Fight b. Do not fight BB = h. NE = i. Complete the blanks in the figure, where the terminal nodes c through i indicate the revenue earned by each specific firm:8.: (Click to select) v . b. = (Click to select) v . C.= d.: UM ii New Entrant (NE) should (Click to select) v . Match the definition to each term listed below. Number Definition 1 A table that shows the payoffs each firm earns from every combination of firm strategies An agreement among firms to charge the same price or otherwise not to compete A W N An option that is better than any alternative option regardless of what the other firm does An outcome of a strategic game from which neither rival wants to deviate A game outcome in which players seek to increase their mutual payoff 6 A practice where one firm initiates a price change and the other firms follow the leader 7 A game in which the firms choose their strategies at the same time 8 One firm's gain must equal the other firm's loss 9 A game in which the sum of the two f firms' outcomes is positive 10 Firms select their optimal strategies in a single time period without regard to possible interactions in subsequent time periods 11 A game that occurs more than once Instructions: Enter a numeric response corresponding to the number of the definition listed above. a. A repeated game: b. Cooperative equilibrium: 5 c. Simultaneous game: d. Payoff matrix: e. Nash equilibrium: 4/