Answered: b2 b1 4,20 10,2 a1 9,14 6,28 a2 1-п-о…

b2 b1 4,20 10,2 a1 9,14 6,28 a2 1-п-о 12,4 8,6 a3 1-T The Equilibrium Existence Theorem guarantees that this game possesses at least one Nash equilibrium of the form (T*

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

NASH EQUILIBRIUM
Consider the following game in strategic form.
bị
b2
a1
10,2
4,20
a2
6,28
9,14
аз
8,6
12,4
1-T-0
1-T
The Equilibrium Existence Theorem guarantees that this game possesses at least one Nash equilibrium of the form (T*, o*,T*).
Which values of a* are part of such an equilibrium? (Mark all values for which an associated equilibrium exists.)
Select one or more:
O 0.00
O 0.60
O 0.30
O 1.00
O 0.75
O 0.10
O 0.80
O 0.25

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