Tanzanite is one of the world's rarest gemstones, said to only be found in Tanzania. Assume GemT and RareS are the only 2 firms in the world selling Tanzanite gemstones. Hence, they both hold large market shares in the market for Tanzanite. Answer the following questions: a. GemT and RareS noticed sales for gemstones are higher when they are newly launched. They decided to sell their gemstones at a higher price during the first 3 months when they are just released. This is an example of price discrimination. Type F for First Degree, S for Second Degree, T for Third Degree or P for Peak Load Pricing. b. As a new year is approaching, GemT and RareS are deciding whether to launch a new collection of Tanzanite gemstones. Launching a new collection will bring in higher revenue but will also incur large marketing and design costs. GemT's payoff will also be will be affected by RareS' decision to launch a new collection and vice versa. The payoff values (in millions of dollars) below represent the expected first-year economic profits from each strategy. What will be the resulting first-year payoff be for GemT (the left player) after playing the game if RareS is the top row player? $ Answer in millions of dollars (i.e. a value shown in the table, with no decimal places, $ sign, spaces or commas) Launch Does not launch Launch 17. 25 79, 5 Does not launch 0, 79 27, 17 c. What is the dominant strategy for RareS? Type L for Launch, X for Does not launch or N for No dominant strategy. d. If GemT and RareS are able to communicate and collaborate, would they be able to achieve a collectively better outcome? Type Y for Yes or N for No