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answer the question QUESTION 17 What is (are) the Nash equilibrium (equilibria) of this game? Select all that apply. B Recycle No Recycle A Recycle
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QUESTION 17 What is (are) the Nash equilibrium (equilibria) of this game? Select all that apply. B Recycle No Recycle A Recycle Cell I Cell II No Recycle Cell III Cell IV O Cell I O Cell II O Cell III O Call IVAssume two neighbors are facing the decision of whether to recycle or not to recycle. The cost of recycling for neighbor A is $15 for neighbor B is $10 (e.g., they are located closer to the recycling center). The benefit from each neighbor recycling is $12. So when they both recycle, the benefit doubles and when neither recycles, the benefit is $0. The payoff for each neighbor is the net benefit. For example, the payoff for neighbor A when they both recycle is 12*2 - 15 = 9 and when neither recycles is 12*0 -0 = 0. Use this information to answer the next four questions. Fill in the payoff matrix below (please don't use any dollar signs in the matrix). B Recycle No Recycle Recycle A No Recycle QUESTION 15 What is the dominant strategy for Neighbor A? O Recycle O No Recycle O Neighbor A does not have a dominant strategy QUESTION 16 What is the dominant strategy for Neighbor B? O Recycle O No Recycle O Neighbor B does not have a dominant strategyStep by Step Solution
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