Please Explain! Consider the following game: Mike and Beth decide to go to amovie. They are contempl
Please Explain! Consider the following game: Mike and Beth decide to go to amovie. They are contemplating whether to see a comedy of whether tosee a drama. Both Mike and Beth would rather go to the movietogether. If they go to different movies both get a payoff of 0.But Mike prefers comedy while Beth prefers drama. If they go to acomedy, Mike’s payoff is 5 while Beth’s payoff is 2. And if they goto see a drama, Mike’s payoff is 2 while Beth’s payoff is 5.Suppose both Mike and Beth must simultaneously choose whether tosee a comedy or a drama. A) Represent this game in a normal form. Clearly state who arethe players, what choices do they have, and what is their payoffmatrix B) Represent this game in extensive form. Assume Mike makes hischoice at the root of the game tree. Define Beth’s information setin this game. Write down Mike and Beth’s strategy sets. . . .