Use the following payoff matrix for a one shot game to answer the accompanying questions Player 2 StrategyXYPlayer 1A 40, 40 120, 10 B 10, 12025, 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 (40,40) unanswered (25,25) unanswered ( 120,10) unanswered (10, 120) unanswered Which of these outcomes would you consider most likely (25,25) (40,40) ( 120,10) (10, 120) 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 B A What outcome do you think would occur as a result ( 120,10) (25,25) (40,40) (10, 120) 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 ( 120,10) (25,25) (40,40) (10, 120)

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Use the following payoff matrix for a one-shot game to answer the accompanying questions. Player 2 StrategyXYPlayer 1A 40, 40-120, 10 B 10, -12025, 25

Use the following payoff matrix for a one-shot game to answer the accompanying questions.

Player 2StrategyXYPlayer 1A40, 40-120, 10B10, -12025, 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.

(40,40)
unanswered
(25,25)
unanswered
(-120,10)
unanswered
(10,-120)
unanswered

Which of these outcomes would you consider most likely?

(25,25)
(40,40)
(-120,10)
(10,-120)

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?

What outcome do you think would occur as a result?

(-120,10)
(25,25)
(40,40)
(10,-120)

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?