hey there may you assist in answering these question please refer to figure 2

Question 2 Suppose there is a change in social preferences in both developing and developed nations. Figure 2 shows the new payoffs for the climate strategy game in this case. What are the Nash equilibria of this game? Show the steps you took to reach this conclusion. [2 marks] [max words: 100] IES SCHOOL University trnent ofEconomics m H MACQUARIE Figure 2: Payoffs for the climate strategy game with social preferences. Developed Abate No Change Developing Abate "0 Change Question 3 The ideal outcome for the climate strategy game is one in which a dominant strategy equilibrium is achieved when both groups of countries choose to abate emissions. Explain how a change in the rules of the game could lead to a potential solution to the social dilemma of cliInate change. [3 marks] [max words: 200]