i need to hand this up asap!! your help will mean alot!!

Question 4 (a) (13) Consider trade relations between two large countries A and B which are affected by tariffs (taxes on imports). Assume that the leaders of the two countries believe the export revenue to the alternate trade policies are as follows: B Low Tariff Hi Tariff Low Tariff A = $250 billion A = $100 billion B = $250 billion B = $300 billion High Tariff A = $300 billion A = $200 billion B = $100 billion B = $200 billion Solve for the Nash equilibrium in this game. Is this game a prisoner's dilemma? Explain. (8 marks) Consider the education market of a country which is perfectly competitive. The demand equation for education is given by P = 14 - 2Q and the supply equation of education is given by P = 2 + Q. (i) (ii) Assume that education is able to generate a positive external benet of 3 per unit. Examine the education market and explain why the market is inefcient. Compute the deadweight loss and support your answers with an education market diagram. If you need to draw a diagram or figure (and cannot do so in MS Word), take a picture of the image you have drawn and insert it in your answer. You are reminded that your overall file size of your submission of this TOA should not exceed 500MB. For a table, you are advised to copy the table given in the question or draw it in MS Word. For an equation, you are advised to write the equation in MS Word. (13 marks) What should the government do to restore efciency in the education market. Explain. (4 marks)