Question: Question 2 (25 marks) In the following 2-player normal form game, player I has two strategies, A and B, and player II also has two

Question 2 (25 marks) In the following 2-player

Question 2 (25 marks) In the following 2-player normal form game, player I has two strategies, A and B, and player II also has two strategies, X and Y. The payoff matrix is as follows: Player II X 20, 15 10, 10 A B Y 40,2 50, 12 Player I a) Identify all the Nash equilibria and payoffs of this game. (10 marks) b) If this is a sequential instead of a simultaneous game and the above payoffs remain unchanged, what are the possible outcome(s) and payoffs for both players? (15 marks)

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