Question: Please help with this question Refer to the interactive below: The Payoff Matrix On PAYOFF MATRIX SETTINGS Firm-A Firm-A High Low Payoff High LOW Firm-B

Please help with this question

Please help with this question Refer to the interactive below: The Payoff

Refer to the interactive below: The Payoff Matrix On PAYOFF MATRIX SETTINGS Firm-A Firm-A High Low Payoff High LOW Firm-B High Low Firm-A Firm-A $12 $15 High OUTCOME Firm -B Firm-B $12 $6 Chosen Resulting Payoffs Firm-B Firm-A Firm-A Firm-A High $6 Low $6 $8 Firm-B Firm-B $15 $8 Firm-B LOW $15 Instructions: Gather information from the graph to answer the following questions. Suppose that this game is played over multiple time periods. Firm A expects Firm B to choose High the first time the game is played. Assume that if Firm A chooses High, it earns Firm B's trust, and the two firms each play High for all remaining periods. If Firm A chooses Low the first time, Firm B will choose Low the second time the game is played and in all remaining periods. a) If the game will be played two times, what is Firm A's total earnings from choosing High during the first period? (add what Firm A earns in each of the periods) b) If the game will be played two times, what is Firm A's total earnings from choosing Low during the first period? c) If the game will be played five times, what is Firm A's total earnings from choosing High during the first period? d) If the game will be played five times, what is Firm A's total earnings from choosing Low during the first period

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