Two firms: Fin 1 and Firm 2, can ether set 10 units or sell 20 units of their goods They face the following payoff matrix, where, for any strategy set (eg. Set 10 units, Sell 20 units), Fem 1 receives the payoff prof) to the let of the comms and Ferm 2 receives the payoff profit to the right of the me Firm 2 Sel 10 Dell 20 units Sell 10 units 50.44 54.47 Firm 11 Sell 20 units 58,45 44,40 (a) Suppose the Sims decide simultaneously and they arrive at the solution where Firm 1 are a payoff of $54 and Fimm 2 earns a payoff of $47, is this a hash equit (Yes or No) (b) Suppose instead that Firm 1 gains an advantage and decides first (Fem 1 is the frat mover). Use the information in the payoff matx above to fill in the coresponding values in the tree gram b Fem 1 Pim 2 10 unit 10 units 20 unit 20 units 10 units 20 units Payof unts and same payoff of Use the game bee in part (b) to determine the sequential game equilibriun 0) Firm 1 sale Firm 2 sets units and eams payoff of (0 Does Fim 1 secure a higher payoff than that in the simultaneous game? (Yes or No CHECK ANSWER