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2.Answer the following questions about the game provided below: a.What is (are) the Nash Equilibrium? b.Does either player have a dominant strategy? Explain. c.Using backward
2.Answer the following questions about the game provided below:
a.What is (are) the Nash Equilibrium?
b.Does either player have a dominant strategy? Explain.
c.Using backward induction, what is the equilibrium if player 1 (the player to the left) moves first and then player 2 moves second?
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