The can industry is composed of two firms. Suppose that the demand curve for cans is P= 100- Q and total cost function of each firm is TC = 2 + 15q.

b)If both enter the new market, how much will each firm produce and will make the profit?

c)Complete the game table matrix with the payoffs. What is the Nash EQ?

e)How much will the Firm B produce?

f)Is this collusion would work? Why or why not?

g)If the Firm A moves first, how much profit for each firm will change? Construct the game tree and find Nash EQ

Please show work and give a brief explanation to help assist with me understanding this concept better