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Consider the following normal form game: Assume that Player Row chooses U with probability p and Player Column Chooses L with probability q. a) Derive

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Consider the following normal form game: Assume that Player Row chooses U with probability p and Player Column Chooses L with probability q. a) Derive and plot players' best response functions (p on the horizontal axis and g on the vertical axis). b) Find all the Nash equilibria (pure and mixed strategies) of the above game. Illustrate your answer in a graph (p on the horizontal axis and g on the vertical axis). Comment

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