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Suppose that Tomas and Angel are considering buying a PlayStation for the apartment they share. Each of them makes an independent decision about whether or
Suppose that Tomas and Angel are considering buying a PlayStation for the apartment they share. Each of them makes an independent decision about whether or not to buy the PlayStation, and it is purchased as long as at least one of them decides to buy. They each value the PlayStation at $240. The price is $280.Draw this situation as a game. Think of it as a 2 2 normal-form game with BUY and DON'T BUY as the strategies. Once you draw the game, consider the following questions. In this game, which is the dominant strategy equilibrium? Choose one or more: A. Tomas chooses BUY, and Angel chooses DON'T BUY. B. Angel chooses BUY, and Tomas chooses DON'T BUY. C. Both choose DON'T BUY. D. Both choose BUY
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