Question 2 The standard strategic trade policy story treats protectionism between countries as a Prisoner's dilemma. In the case of two similar sized economies with similar reliances on trade, this treatment seems reasonable. In the case of two dissimilarly sized economies, however, this treatment may not be appropriate...or at least, the two counties are not similarly disadvantaged by a trade war. Thailand and Cambodia are both members of the Association of Southeast Asian Nations (ASEAN). ASEAN is an economic union that, among other things, serves as a free trade area. Thailand's economy is roughly twenty times as large as the Cambodian economy, in terms of Gross Domestic Product (GDP). Consider that the Thailand and Cambodia are considering whether to impose tariffs on each other's exports. The resulting payoffs from each possible outcome (relative to the \"no tariffs" baseline) are given as: * |f both countries impose a tariff, Thailand receives a payoff of -520 million, and Cambodia a payoff of -510 million * [f Thailand imposes a tariff, but Cambodia does not impose a tariff, Thailand receives a payoff of 57 million, and Cambodia a payoff of -58 million s |f Cambodia imposes a tariff, but Thailand does not impose a tariff, Thailand receives a payoff of -525 million, and Cambodia a payoff of 52 million * If neither country imposes a tariff, the payoff to both countries is 0. Part {i]: Complete the normal form game below using the payoffs information described above. Impose Tariff Do Mot Impose Tariff Impose Tariff Do Not Impose Tariff Part (ii): Identify the Nash Equilibrium of the game that you have constructed in Part {i). Part (iii): 1s this game an example of the Prisoner's Dilemma? Explain why or why not