Suppose that Samsung can produce 100 Galaxy A phones (new ones) at the price of $800 and cost $20,000 or can produce 100 Galaxy S phones (old ones) at the price of $600 and cost $10,000 whereas Apple can produce 100 Iphone 14(new ones) at the price of $1,000 and cost $40,000 or can produce 100 Iphone 13(old ones) at the price of $800 and cost 30,000. Fill out a normal form that shows two players (two companies), two strategies (two products), and four combinations of payoffs (profits) for two companies. Show how you calculate profits. (4 points)\table[[,Samsung,],[,100 Galaxy As,100 Galaxy Ss,],[Apple,100 Iphone 14s,\table[[Samsung's profit:],[Apple's profit:]],\table[[Samsung's profit:],[Apple's profit:]]],[,100 Iphone 13s,\table[[Samsung's profit:],[Apple's profit:]],\table[[Samsung's profit:],[Apple's profit:]]]] Describe a cooperative equilibrium by using a strategy two companies will take. Describe non-cooperative equilibrium and Nash equilibrium by using a strategy two companies will take in each equilibrium. (2 points) Which equilibrium are good for innovation for both companies? (1 points)

1) Fill out a normal form that shows two players (two companies), two strategies (two products), and four combinations of payoffs (profits) for two companies. Show how you calculate profits. (4 points) Samsung 100 Galaxy As 100 Galaxy Ss Apple 100 Iphone 14s Samsung's profit: Samsung's profit: Apple's profit: Apple's profit: 100 Iphone 13s Samsung's profit: Samsung's profit: Apple's profit: Apple's profit: 2) Describe a cooperative equilibrium by using a strategy two companies will take. Describe non-cooperative equilibrium and Nash equilibrium by using a strategy two companies will take in each equilibrium. (2 points) 3) Which equilibrium are good for innovation for both companies? (1 points)