1. (5 points) Can the game theory approach described in chapter 10 be used to analyze the model of Perfect Competition? Please explain.

2. (5 points) Use the following payoff matrix for a simultaneous move one shot game to answer the following questions

2. (5 points) Use the following payoff matrix for a simultaneous move one shot game to answer the following questions Player 2 Strategy C D E F Player 1 A 6. 14 7 11 18. 20 10. 19 B 12. 5 15, 1 17 25 16. 17(c) Does this game have a Nash equilibrium? Please explain. 3. (5 points) Use the following matrix to answer the following questions. Player 2 Strategy C D Player 1 A -10. -10 200. -100 B -100, 220 140. 180