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Use the following payoff matrix for a one-shot game to answer the accompanying questions. Playor 2 Strategy Player 1. A 40, 40 -120, 10 10,
Use the following payoff matrix for a one-shot game to answer the accompanying questions. Playor 2 Strategy Player 1. A 40, 40 -120, 10 10, -120 25, 25 a. Determine the Nash equilibrium outcomes that arise if the players make decisions independently, simultaneously, and without any communication. Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click twice to empty the box. (25, 251 (40, 40) (0, -120) Q(-120, 10)Which of these outcomes would you consider most likely? (40, 40) O (25, 25) (10, -120) (-120, 10) b. Suppose player 1 is permitted to "communicate" by uttering one syllable before the players simultaneously and independently make their decisions. What should player 1 utter? OB What outcome do you think would occur as a result? (40, 40) O(-120, 10) O (10, -120) O (25, 25) c. Suppose player 2 can choose its strategy before player 1, that player 1 observes player 2's choice before making her decision, and that this move structure is known by both players. What outcome would you expect? O (40, 40) O (-120.10) 10. -1201
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