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Starting with Colin, use successive elimination of dominated strategies to find all the pure-strategy Nash equilibria for the following game. Describe the process that you
Starting with Colin, use successive elimination of dominated strategies to find all the pure-strategy Nash equilibria for the following game. Describe the process that you used to find the equilibria. Use this game to explain why it is important to describe an equilibrium by using the strategies employed by the players, not merely by the payoffs received in equilibrium. [6]
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