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Question 2 (50%): Consider the synergistic relationship from Quiz 2. There are two players With ordinal preferences. Each player's action can take any non-negative value. The payoff function for player 2' is \"1(31730'5') = 3kaiaj (003: where j 76 2' denotes the other player and where 13.; > 0 is an exogenous constant. Assume that player 1 moves rst. Player 2 then observes player 1's action before deciding on her own action. 2.1 Derive the SPE. Are equilibrium actions higher or lower in the sequential game compared to the simultaneous version of the game? Explain the intuition. 2.2 How do equilibrium actions depend on k1 and k2? Carefully explain the intuition