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only 5 answers are correct 1/2 A B D ALPHA 1,3 1,2 3,2 2,0 BETA 3, 1 1,2 2,1 3,0 GAMMA 0,2 3,3 1,3 1,1
only 5 answers are correct
1/2 A B D ALPHA 1,3 1,2 3,2 2,0 BETA 3, 1 1,2 2,1 3,0 GAMMA 0,2 3,3 1,3 1,1 DELTA 1,1 1,1 0,3 2,2 (A) The unique Nash equilibrium is given by (B, Gamma). B) The game is dominance solvable as we can apply iterated dominance to get a unique equilibrium. C) A dominates D for player 1 D) To find the Nash equilibria we have eliminated some strategies. However, the game has no Nash equilibrium. E) The game is not dominance solvable as we cannot apply iterated dominance to get a unique equilibrium. F) Gamma is the dominant strategy for player 2 G) The Nash equilibria are (B, Gamma) and (D, Delta). H) The Nash equilibria are (B, Gamma), (C, Gamma) and (D, Delta). D is the dominant strategy for player 1. The set of rationalizable strategies is given by {B, C, D), and {Alpha, Gamma, Delta} K It is not possible to eliminate any strategy for player 1 L Beta dominates Gamma for player 2 (M) The set of rationalizable strategies is given by {A, B, C), and {Alpha, Gamma, Delta} (N) Gamma dominates Beta for player 2 (0) Neither player 1 nor player 2 have a dominant strategyStep by Step Solution
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