Question: Consider the degenerate (2 times 3) game in Figure 6.12. Construct the best response diagram (note that (X) is only a line segment) and identify

Consider the degenerate \(2 \times 3\) game in Figure 6.12. Construct the best response diagram (note that \(X\) is only a line segment) and identify the set of all equilibria with the help of the labels.II 1 I T payoff to II 2 2 2 1 0

II 1 I T payoff to II 2 2 2 1 0 1 0 0 B 3 2 1 2 C 1 1 2 0 0 0 12 prob(B) 1 Figure 6.12 Degenerate 2 x 3 game and upper envelope of expected payoffs to player II.

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