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For the following payoff matrix, find these: a) Nash equilibrium or Nash equilibria (if any) b) Secure strategy equilibrium (Note: the secure strategy equilibrium is
For the following payoff matrix, find these:
a) Nash equilibrium or Nash equilibria (if any)
b) Secure strategy equilibrium (Note: the "secure strategy" equilibrium is the same as the "maximin strategy" equilibrium)
c) Collusive equilibrium (also known as the "cooperative equilibrium")
d) Dominant strategy of each firm (if any)
Firm A Strategy X Strategy Y Firm B Strategy X 400 100 500 300 Strategy Y 200 80 210 350
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