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Question 5: (10 Marks) Mary and John have to choose either between Outback (O) or Red Lobster (RL) for lunch. Payoff Matrix John Red Lobster

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Question 5: (10 Marks) Mary and John have to choose either between Outback (O) or Red Lobster (RL) for lunch. Payoff Matrix John Red Lobster Outback Red Lobster 9 5 2 Mary Outback 0 0 6 10 a) Does any player have a dominant strategy? (1 Mark) b) What is the equilibrium in pure strategy?. (2 Mark) c) What is the equilibrium in mixed strategy? (4 Marks) d) Sketch the best response functions

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