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Consider the following two-player game. In each cell, Player 1's payoff is listed first and Player 2's payoff is listed second. Find the range of
Consider the following two-player game. In each cell, Player 1's payoff is listed first and Player 2's payoff is listed second. Find the range of values of a and b that satisfy the conditions stated. Explain your answers. 1. (A, G) is the dominant strategy equilibrium. is there a strategy prole that is a Pareto improving outcome over (A, G)? 2. (A, G) is a Nash Equilibrium, and there is a strategy prole which is not a Nash equilibrium, but is a Pareto improvement over (A, G)
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