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Consider a two player simultaneousmove game. Say the two players are P1 and P2. P1 has two pure strategies, A and B. Also dene a
Consider a two player simultaneousmove game. Say the two players are P1 and P2. P1 has two pure strategies, A and B. Also dene a mixed strategy of P1 as (p, 17p) i.e. P1 plays A with probability p and B with probability (17p). P2 has two pure strategies, C and D. Also dene a mixed strategy of P2 as (q, 1q) i.e. P2 plays C with probability q and D with probability (1q). The graph below shows the best response graphs of the two players. The green curve is the Bestresponse function of P2 and the black curve is the bestresponse function of P1. II I.\" 1 l' Answer the questions below based on this graph. (You do not need any additional information to answer the questions.) Note: In case there are multiple selections available. incorrect selections have penalty. Selecting all options will not get you full credit in those questions. 3. There is(are) : Nash equilibrium(equi|ibria). The NE is(are) i_J(A,C) C](A,D) C](B,C) C](B.D} DMixed strategy NE with p=1l2 and q=12'2
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