The following is a payoff matrix showing profit in millions of dollars when two companies simultaneously decide on various advertising budgets ($1 million, $2 million, or $3 million):

Pizza Hut

$1 mill $2 mill $3 mill

$1 mill $85 / $115 100 / 120 90 / 110

Papa Johns $2 mill 75 / 130 95 / 135 80 / 125

$3 mill 80 / 120 105 / 125 85 / 115

a.In the first round of strategy elimination (when all three possible budgets are under consideration), which ad budget would the companies exclude?

b.After the first round of elimination (previous question), would either company make a second-round elimination?

c.What would be the likely outcome of this simultaneous advertising decision (i.e. what ad budget would each company end up choosing)?