Question: Please help Question 3 [Max 200 words, 4 marks] Use the figures below to answer the following question. The figure on the left is the

Please help

Question 3 [Max 200 words, 4 marks] Use the figures below to answer the following question. The figure on the left is the payoff matrix that represents the invisible hand game where two farmers decide which crop to plant, with the Nash equilibrium circled. The figure on the right illustrates the gains from trade realised in a perfectly competitive market. Bala Price Rice Cassava Supply (marginal cost) 3 2 Rice 2 Consumer surplus 1 Anil Producer surplus 4 1 Demand Cassava 3 Quantity Discuss the common idea that is implied by both the invisible hand game and the perfectly competitive market

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