Question: Question 2 Three friends i = 1, 2, 3 get together for a few drinks and decide to share the total bill equally. Friend E's

Question 2 Three friends i = 1, 2, 3 get together for a few drinks and decide to share the total bill equally. Friend E's preferences are represented by the utility function ui(xi:yi) = 2 JxrJr'r- where xi is the number of drinks that t consumes and yi- is the amount of money that t' pays. Each drink costs $1. {a} Describe the strategic game generated by this situation. {b} HOW man}.r drinks will these friends have at the Nash equilibrium of the game generated by this situation':1 Is the Nash equilibrium a dominantstrategy equilibrium? Explain. {c} Is this Nash equilibrium efficient? Explain

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