1. ROSS and  MIC produce 2 different cars. Each firm can be aggressive in advertising  and marketing. If only one of the 2 firms choose high advertising the  NPV of that firm would be $200M whereas the NPV of the other firm would  be $100M. If both firm decide low advertising than the NPV of each car  would be $500M. Draw the extensive form of the game.
 2. Explain the differences between technical risks, business risks, and competitive risks.
 3. How do we finance R&D? Explain all the steps.