Question: 1. Two friends plan outing to spend time together. Friend-A likes Cricket Match and Friend-B likes an Art exhibition. If both of them reach

1. Two friends plan outing to spend time together. Friend-Alikes Cricket Match and Friend-B likes an Art exhibition. If both

1. Two friends plan outing to spend time together. Friend-A likes Cricket Match and Friend-B likes an Art exhibition. If both of them reach at cricket ground the Friend-A have 7 points and Friend-B have 3.5 points. If both friends reaches at the place they like but they don't have company of each other the both have 1 point, while on the other hand if both reaches at the place they don't like and don't have each others company as well they both get -1 point. If both reaches at an art exhibition, Friend-A have 3.5 point and Friend-B have 7 points. a. Design Payoff Matrix and write it in braces b. Write Nash Equilibrium c. Write pareto optimal outcomes (7.5 Points) Enter your answer

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