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2. Player 1 has the strategies {A1, A2, A3, A4 }; Player 2 has the strategies { BI, B2, B3, B4}. Use the best-response approach

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2. Player 1 has the strategies {A1, A2, A3, A4 }; Player 2 has the strategies { BI, B2, B3, B4}. Use the best-response approach (circle-square) to find all Nash equilibria. Are the equi- libria efficient? B1 B2 B3 B4 Al 3, 2 2, 8 2, 3 1, 1 A2 3, -10 2, 2 2, 3 2, 3 A3 2, 2 4, 5 3,4 -1, -1 A4 4, 6 1, 2 -2, 1 0.5, 1

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