Explain what a Pareto Efficient situation means (you only have to do this once, in your answer for Scenario A). For each PSNE, comment on whether the outcome is Pareto Efficient or not. Explain why.

You can find the notes from the link here; https://drive.google.com/drive/folders/1a8o1QyZvAZkbZB_IssQmmaZsuT5FyAIZ

Depict the strategic interactions between North and South, the two players, as a game.

Identify all dominant and dominated strategies. If a player does not have a dominant strategy explain why.

Explain what a pure strategy Nash equilibria (PSNE) is. (You only have to do this once, in your answer for Scenario A). Find all of them in each scenario or explain why there are none.

Explain what a Pareto Efficient situation means (you only have to do this once, in your answer for Scenario A). For each PSNE, comment on whether the outcome is Pareto Efficient or not. Explain why.

For each scenario, discuss what the game theoretical analysis implies about the likelihood that the OLD regime stays in power. If there is more than one PSNE in a game, what can we predict about the game’s outcome?