Question
Use the following, one shot, normal-form gameto answer the accompanying questions. Player 2 StrategyDEFPlayer 1A -200, 150350, 100-50, 600 B 200, -300400, 400300, 100 C
Use the following, one shot, normal-form gameto answer the accompanying questions.
Player 2StrategyDEFPlayer 1A-200, 150350, 100-50, 600B200, -300400, 400300, 100C-150, 250-250, 550750, -350
a. Find each player's dominant strategy.
Player 1's dominant strategy:(Click to select)Player 1 has no dominant strategyABC.
Player 2's dominant strategy:(Click to select)EPlayer 2 has no dominant strategyDF.
b. Find each player's secure strategy.
Player 1's secure strategy:(Click to select)ABC.
Player 2's secure strategy:(Click to select)FDE.
c. Find the Nash equilibrium for each player.
Player 1's Nash equilibrium:(Click to select)BAC.
Player 2's Nash equilibrium:(Click to select)EFD.
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