What will be the outcome of this game based on individual rationality? [In case that it isn’t clear, be advised that all games—this one and the next ones—will be based on individual rationality.]briefly explain your answer. Is this outcome a prisoners’ dilemma?

Economics

Is there a collusive (or cooperative) outcome in this game? If so,specify.

Is there a dominant strategy for either player? If so, specify.

What will be the outcome of this game based on individual rationality? [In case that it isn’t clear, be advised that all games—this one and the next ones—will be based on individual rationality.]briefly explain your answer. Is this outcome a prisoners’ dilemma?