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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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Left Right Up 110, 0 0, 10 Down 100, 120 -5, 150

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