1. JVT and MVC are major television networks competing for viewer ratings in the prime time slot between 7:00 - 8:00 P.M. and 8:00 - 9:00 P.M. slots on a given weeknight. Each has two shows to fill...

Extracted text: 1. JVT and MVC are major television networks competing for viewer ratings in the prime time slot between 7:00 - 8:00 P.M. and 8:00 - 9:00 P.M. slots on a given weeknight. Each has two shows to fill this time period and is juggling its lineup. Each can choose to put its "bigger" show first or to place it second in the 8:00 - 9:00 P.M. slot. The combination of decisions leads to the following “ratings points" results: MVC First slot Second slot First slot 20, 20 18, 18 JVT Second slot 15, 15 30, 10 a. Find the Nash equilibria for this game, assuming that both networks make their decisions at the same time. b. What will be the equilibrium if JVT makes its selection first? If MVC goes first?