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11. (20 points) Elizabeth and Jeffery are working on a joint project. Each of them can either work hard or goof off. Their payoffs from

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11. (20 points) Elizabeth and Jeffery are working on a joint project. Each of them can either work hard or goof off. Their payoffs from this situation are given in the table below and have the structure of a Prisoner '3 Dilemma. Elizabeth Work Goof Off Hard Work 20,20 0,30 Jeffery Hard Goof Off 30,0 10,10 a) (5 points) Which of the following is true about the game above? (Circle the correct answer.) A. Jeffery's dominant strategy is to work hard; Elizabeth has no dominant strategy. B. Jeffery's dominant strategy is to goof off; Elizabeth has no dominant strategy. C. Elizabeth's dominant strategy is to work hard; Jeffrey has no dominant strategy. D. Elizabeth's dominant strategy is to goof off; Jeffrey has no dominant strategy. E. For both Jeffery and Elizabeth goofing off is a dominant strategy. b) (5 points) What are the Nash equilibrium strategies in the game above? (Circle the correct answer.) . (Work Hard, Work Hard). . (Work Hard, Goof Off). . (Goof Off, Work Hard). . (Goof Off, Goof Off). The game has no Nash equilibrium in pure strategies. mcnw>

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