Time left $1$:$55$:$44$

Table $17-4$

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

Mexico

$\backslash$table$[[,,$High Tariffs,Low Tariffis$],[$Canada$,$High Tarifis,Canada trade value $=$$$65$ Mexico trade value $=$$$75,\backslash$table$[[$Canada trade value $=$$$140$