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This is about game theory in economics. Please show all your workings step by step and answers too. 41. Students are preparing for the ECON223

This is about game theory in economics. Please show all your workings step by step and answers too.

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41. Students are preparing for the ECON223 exam, and the following tree represents the game between the Lecturer and the Students. Write down the strategic form of the game. Take the Lecturer as the column player and the Students as the row player (3 marks). Lecturer Hard Average Easy Students Students Copy Do Not Study Do Not Copy Study Do Not Study Study Lecturer 0 N N ON Students 2

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