Answer Happy

Anwser Quick Question
Part 1
Albert has won two tickets in a raffle to see the latest movie at the cinema. The market price of a ticket is $20. Albert has no friends or family living near by, so he would only be using one ticket. He mentions this to an acquaintance at work, Rashid. Rashid thinks to himself that he would like to see the movie. He starts haggling with Albert over the purchase of the remaining ticket.
Assuming that both Albert and Rashid are rational, self-interested people, what price will they eventually agree on? Explain your answer.
Part 2:
Note: No referencing is required for short answer questions. The following market is a duopoly populated only by the companies Alpha and Beta. The pay-off matrix immediately below shows the combinations of pricing strategies available to the two companies. The numbers represent millions of dollars in profit. (The negative sign indicates a loss.) Alpha Beta High price High price 100, 200 Low price 200, 100 Low price -50, 250 0, 100 Assuming Alpha and Beta act in their own self-interest, explain what will be the most likely pay-off for these firms in (i) a one-shot game, and (ii) an infinitely repeated game. Make reference to the concept of Nash equilibrium in your answer.