Question: This question is about game theory, please give a full explanation! Thanks! QUESTION 15 10 logging firms use a forest to collect timber. Each firm

This question is about game theory, please give a full explanation! Thanks!

QUESTION 15 10 logging firms use a forest to collect timber. Each firm i must choose how many trees to cut, 9;. The benefit of cutting a tree is 12 00 - SC per tree, where C is the total quantity of trees cut in the forest. The total cost of cutting 9 trees is 9?. Firms do not face any fixed costs. What is the socially optimal quantity of trees cut? QUESTION 16 1D logging firms use a forest to collect timber. Each firm i must choose how many trees to cut, g,-. The benefit of cutting a tree is 1000 - 2 C per tree, where C is the total quantity of trees cut in the forest. The marginal cost of cutting a tree is 106. Firms do not face any fixed costs. What is the best response function for firm

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