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Q4. Consider the following conflict game. [30 marks] Player 2 No fight Fight less Fight more No fight 40, 40 0, 70 0, 60 Fight

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Q4. Consider the following conflict game. [30 marks] Player 2 No fight Fight less Fight more No fight 40, 40 0, 70 0, 60 Fight less 70, 0 30, 30 10, 50 Player 1 Fight more 60, 0 50, 10 20, 20 a) [5 marks] This is a one-shot game. What is the best response function of each player? Find all the Nash equilibria and explain. 2

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