Below is the Boeing-Airbus Game in the absence of any government policy. Suppose both governments subsidize their own producers by paying 25 if the firm enters. a. Redraw the game matrix to reflect the new payoffs. b. Find all Nash equilibria of the new game. c. What are the welfare effects in each country, when both governments subsidize their own producer? PRODUCE DON’T PRODUCE produce -5,-5 100,0 don’t produce 0,100 0,0

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