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The question is as follows: 1. Consider the following normal-form game. W Z X 1. 7 1. 5 3,4 Y 2. 3 0.4 0. 6

The question is as follows:

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1. Consider the following normal-form game. W Z X 1. 7 1. 5 3,4 Y 2. 3 0.4 0. 6 (a) Determine the set of rationalizable strategies for this game. (b) The game has only one Nash equilibrium, and it is a mixed-strategy Nash equilibrium. Compute this equilibrium

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