For Homework #4 part 3, will you (honestly) do Option A or Option B? -------------------------------Option A: In a short essay of 50 words or less, please describe how a firm should respond to a prisoner's dilemma.------------------------Option B: In an essay of at least 200 words, please describe what makes a situation a prisoner's dilemma (be as specific as possible). this should include why it is called a dilemma, in what situations a prisoner's dilemma is common (e.g. price wars), and how a firm should respond to these situations.------------------------------------------------------Please select one of the responses below,