3) Refer to the payoff matrix. Winnie a. Does any player have a dominant strategy? Call Wait Call 0.0 2,3 Colleen b. If yes, which strategy is dominant? Wait 3,2 1,1 c. What will be the final outcome we would expect to occur?4) Refer to the payoff matrix. Firm A and firm B are two competing airline. Both are considering adding comfort class in their flights. Firm A's Strategy a. Does any firm have a dominant strategy? Comfort No comfort class class b. If yes, which strategy is -$15 $ 20 dominant? Comfort class -$15 $15 Firm B's c. What will be the final outcome Strategy $ 20 $10 we would expect to occur? No comfort class $0 $105) Refer to the payoff matrix below. Suppose that Firm A and Firm B are the only two automobile manufacturing companies serving the market. Both are considering adding additional safety feature to their cars. .Assume this is a one-time, simultaneous game. Firm A's Strategy Additional No additional safety safety $ 19 $18 Additional safety $19 $25 1 Firm B's Strategy $25 $20 No additional safety $18 $20 a. Does any firm have a dominant strategy? b. If yes, which strategy is dominant? c. What are the Nash equilibrium strategies of each firm? d. What will be the total payoff for the two firms, in the Nash equilibrium? $ e. What price strategies they will adopt, if both firms collude to maximize joint profits? f. What will be the total payoff for the two firms, if both firms collude to maximize joint profits? $