Question: Consider the normal-form game pictured here. 1 2 W X y a 5, 2 6, 2 1, 1 b 3,4 2,3 0, 1 C

Consider the normal-form game pictured here. 1 2 W X y a 5, 2 6, 2 1, 1 b 3,4 2,3 0, 1 C 8,4 8,8 9,2 (a) What are the Nash equilibria of this game? (b) Which of these equilibria are efficient?

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