Question $16(1$ point$)$

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Table $17-4$

Consider trade relations between Canada and Mexico. Assume that the leaders of the two countries believe the payoffs to alternative trade policies are as follows:

$\backslash$table$[[,,$Mexico,$],[,,$High Tariffs,Low Tariffs$],[$Canada$,$High Tariffs, Canada trade value $=$$$65$

Mexico trade value $=$$$75,$ Canada trade value $=$$$140$

Mexico trade value $=$$$5$