A 'trade war' is a kind of economic conflict between countries, most often characterised by rising tariffs and other trade barriers. Consider the following game table where we model a simultaneous "trade war" game between two players, the USA and China. Table 1 Payoffs for Simultaneous Game USA/China Tariff No Tariff Tariff 50, 35 250, 25 No Tariff 25, 250 300, 300 Does either player have a dominant strategy? Briefly explain why/why not. (1 Point) Find any/all Nash Equilibria in this game. (2 Points) A prominent T.V. news anchor claims that a trade war would be good for the USA, and that trade with China is a zero sum game. Briefly explain what a zero sum game is and explain why this is\is not an example of a zero sum game. (2 Points)