d. Assume that there are two firms in the oligopoly market, Royal Firm and Common Firm; both firms facing important strategic decisions whereby Royal Firm can choose either row in the payoff matrix, whereas Common Firm can choose either column. Royal Firm has two strategies, either "up" or down." while Common Firm strategies is either "left" or "right". If Royal Firm chooses Up and the rival firm chooses Left, Royal firm's payoff is $5 million, and the rival earns $10 million however if the rival chooses Right; Royal earns $7.5 million and Common gains $4 million. If Royal Firm chooses Down and the rival firm chooses Left, Royal firm's payoff is $1 million, and the rival earns $3.5 million. However, if rival chooses Right; both firms earn $5 million. Notice that neither firm can unilaterally choose a given cell in the profit payoff matrk. The ultimate result of this simultaneous game depends upon the choices made by the competitors. The first number in each cell is the profit payoff to Royal Firm: the second number is the profit payoff to Common Firm. i Draw the payoff matrix (marks) i. Explain the dominant strategy for both firms. marks)