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The Policymaker'a payo' in: (10*2')'Q.'3Qb+$ where p is the equilibrium price In the market, Q' is the aggregate consumption, 0 is the total number of

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The Policymaker'a payo' in: (10*2')'Q.'3Qb+$ where p" is the equilibrium price In the market, Q' is the aggregate consumption, 0\" is the total number of units which were produced using the "dirty" technology, am! 1: is the payment chosen by the Incumbent. That Is. tlm Policymaker' values consumr surplus, would like to avoid pollution, but also likes the payment. The 118303 for the Incumbent is the prots they get mlmm the payment :6 made to the Policynmkor. The prwu for the Follower is new if it does not enter, and Its prots if it enters the market (including the xed cost of 2). 24) Which of the following game trams best describe this game, up to the entry choice of the follower? Note: alternatives (d) and (a) are not used in this question. PA N 7i STEIN) (a){ll)(!1) 1; tr; n\\ (c) ( , - l l l (d) Not used in this question. (-6) Not used in this

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