ASSIGNMENT 02 ECS4862 2022.pdf - Adobe Acrobat Reader DC (64-bit) X File Edit w Sign Window Help Home Tools ASSIGNMENT 02 E... X ? 2 /2 138 % - + 2 01 Q c) Using the preceding information determine the welfare effects (5 marks) Search 'Delete Page' Export PDF QUESTION 3 (8 MARKS) Adobe Export PDF Consider the following game, where M > 0: Convert PDF Files to Word The matrix payoff is shown below or Excel Online Select PDF File Gill ASSIGNME... 2022.pdf X Left Right Convert to Accept 0,0 2, -2 James Microsoft Word (*.docx) Reject M, -M 1, -1 Document Language: English (U.S.) Change a) Do players have a dominant strategy? (1 mark) b) What is the Nash equilibrium (or equilibria)? (1 mark) Convert c) Are there any values of M such there is no Nash equilibrium in pure strategy? (3 View Document Cloud Files marks) d) Find the mixed strategies Nash equilibrium? (3 marks) Convert, edit and e-sign PDF forms & agreements QUESTION 4 (7 MARKS) Free 7-Day Trial Siphosethu has a utility function U = v/. Siphosethu has an income of R75 000 but Type here to search O 10:47 15C Partly sunny ~ ( ) ENG 2022/05/19