Twо wineries in Trаverse City, Michigаn eаch are simultaneоusly cоnsidering adding a monthly wine club as a way to expand their profits. Those touring the winery would then have the option to sign-up to have bottles mailed to their homes each month. The game chart below shows the expected stream of profits (in thousands of dollars) for each firm based on whether or not they add and/or their competitor adds a monthly wine club. (40 points) HarborVineyards and RoveEstates move simultaneously. Describe the Nash equilibrium(s) that will result. Make sure to explain in depth why the equilibrium(s) exist. (40 points) What would be the Nash equilibrium(s) if RoveEstates moved first and then HarborVineyards moved second? Explain your choice. (40 points) What is the definition of a prisoner’s dilemma? Would the situation in part a be considered a prisoners’ dilemma. If it is, explain why it fits the definition of a prisoners’ dilemma. If it is not, change the numbers in such a way that it becomes a prisoners’ dilemma and explain why it now fits the definition.