1. Consider the following matrix game. P2 L M R (4, 1) (-1, -1) (2, 2) PIU (3 , 3 ) ( 7 , 4 ) ( 1 , 5 ) D ( 2 , 2 ) ( - 1 , 1 ) ( 0 , 3 ) B (4, -2) (6, 10) (-2, -1) a. Use iterated elimination of dominated strategies to solve this game. Be clear about the order of elimination and if the domination is weak or strong. Argue in detail for the first elimination why one action dominates the other. (0.8p) b. What is the resulting equilibrium? (0.2p) SOLUTION