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Use the following payoff matrix for a one-shot game to answer the accompanying questions. Player 2 Strategy X Y Player 1 A 10, 10 5,

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

Player 2
Strategy X Y
Player 1 A 10, 10 5, 150
B 150, 5 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.

check all that apply

  • (25, 25)unanswered
  • (10, 10)unanswered
  • (5, 150)unanswered
  • (150, 5)unanswered

Which of these outcomes would you consider most likely?

multiple choice 1

(10, 10)

(25, 25)

(150, 5)

(5, 150)

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?

multiple choice 2

A

B

What outcome do you think would occur as a result?

multiple choice 3

(25, 25)

(10, 10)

(150, 5)

(5, 150)

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?

multiple choice 4

(150, 5)

(5, 150)

(10, 10)

(25, 25)

Can you help me with these answers, please

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