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7. (10 points total) Indicate whether each of the following statements is true or false. a) (5 points) Statement I: A player must have a

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7. (10 points total) Indicate whether each of the following statements is true or false. a) (5 points) Statement I: A player must have a dominant strategy in a twoby-two game. A. Statement I is true. B. Statement I is false. b) (5 points) Statement II: If neither player in a twobytwo game has a dominant strategy, then there is no Nash equilibrium outcome in pure strategies. A. Statement II is true. B. Statement 11 is false

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