The following two questions refer to the below diagram illustrating a product quality game between two players. Each player has a choice of whether to make a high or low quality product. Player 2 High quality 4.4 High quality Low quality 8, 6 Player 1 Low quality High quality 6. 8 Player 2 Low quality 5, 5 16. Which of the following describes the Nash equilibrium actions in this game? Group of answer choices Player 1 will choose high quality and Player 2 will choose high quality Player 1 will choose high quality and Player 2 will choose low quality Player 1 will choose low quality and Player 2 will choose high quality Player 1 will choose low quality and Player 2 will choose low quality 17. Which of the following statements about this game is true? Group of answer choices Player 1 has a first-mover advantage Player 2 has a second-mover advantage This game represents a Prisoner's dilemma Everyone is best off if both players pick "high quality"The following question refers to the below table, which shows actions and payoffs for a game between Nike and a supplier. Nike chooses between auditing and not auditing the supplier; the supplier chooses between running a safe or unsafe factory. Supplier Nike Safe Unsafe Audit 6.6 4,0 No Audit 8,6 2,8 18. Which of the following describes the Nash equilibrium actions in this game? Group of answer choices Nike will always audit the factory and the supplier will always be safe Nike will never audit the factory and the supplier will always be safe Nike will always audit the factory and the supplier will always be unsafe None of the above