2) Daniel is Tracy's work partner. Jane assigns Tracy and Daniel to work on a joint project, which can be described as a simultaneous move game with the following payoffs: Tracy Work Hard Shirk Work Hard a, b 31, 178 Daniel Shirk 178, 31 c, d a. Suppose a=b=150 and c=d = 50. Find the Nash equilibria of this game. (1 mark) b. Suppose Jane wants both Daniel and Tracy to Work Hard and plans to set values for {a,b,c,d} accordingly. What values {a,b,c,d} would ensure that both Daniel and Tracy choose Work Hard? Interpret what such values could mean in reality. (1 mark) c. Suppose a=179, b = 900, c= 30, d=0. In reality, why might the players not end up in the Nash equilibrium of this game? (1 mark) d. Modern firms increasingly assign employees to work in teams. Briefly discuss the pros and cons of team production. (2 marks)