Two railroad companies, American and Westward, operate a route from Atlanta to Chicago, transporting a mix of passengers and freight. They must file their schedules with the National Transportation Board each year and cannot alter them during the year. Those schedules are revealed only after both companies have filed. Each railroad company must choose between a morning and an evening departure. The relevant payoff matrix appears below, with the first entry in each cell indicating American's daily profit and the second entry in each cell indicating Westward's daily profit. - _ American $1,000, $700 $700, $600 (a) In which market structure do these firms operate? Explain. (b) If Westward chooses an evening departure, which departure time is better for American? (c) Identify the dominant strategy for Westward. (d) Is choosing an evening departure a dominant strategy for American? Explain. (e) If both firms will know all of the information in the payoff matrix, but do not cooperate, what will be Westward's daily profit