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(Entry Deterrence) Joe's Gas, the only gas station at a busy highway exit, earns a monopoly profit of $10,000 per week. Joe is concerned about entry. He can obtain an exclusive right that would prevent others from entering the market at this location, at a cost of $b per week. If Joe does not buy the exclusive right, a potential entrant must decide whether to enter. If entry occurs, Joe's profit will fall to 6000 per week and the entrant will earn 1000 -F, where F is a weekly fixed cost. Suppose F = 200 and b = 2,532. Calculate the profits earned by the incumbent, Joe, in the sequential Nash equilibrium. Enter your answer with one digit after the decimal. NG EGY (10,000- b, 0) / E Pay b / (6,000, 1,000 - F) | " N Don't pay b ST N E Don't Enter (10,000, 0)