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61. Economics 2A Quiz 2, Fall 2021 62. EXERCISE 19 Tasked with the crucial job of teaching measurement to young children, teachers must choose between two systems, the metric system and the imperial system. Similarly, when making tools, vehicles, signs, clothing, and so on, industries must choose to list measurements in either the metric system or the imperial system. This situation is modeled in the game below. Because the imperial system relies on arbitrary foundational units and is more difcult to use mathematically, both groups get a lower payoff if they both opt for the imperial system. The lowest payoHs, however, result from mismatches between what is taught and what is used because those situations lead to mass confusion. Industnes Measurement Game Use metric Use imperial system WSW\" Teach metric so. 50 -10. .10 School system Teachers - - T ch l ea Impena -10! _1 o 30' 30 system What is (are) the pure strategy Nash equilbrium(a) of this game? a. (teach metric, use metric) b. (teach imperial, use imperial) c. (teach imperial, use metric) d. (teach metric, use imperial) Will this game result in a Pareto optimal outcome? a. Yes, it will result in this outcome all of the time. b. It might, but it is not guaranteed. c. No, it will never result in this outcome. d. The Pareto criterion cannot be applied to game theory