9 Brian likes going to the cinema more than watching football. Anna, on the other hand, preferswatching football to going to the cinema. If one person chooses their favourite activity, the otherperson prefers to spend time together rather than spend an afternoon apart. The followingtable represents the happiness levels (payoffs) of Anna and Brian, depending on their choice ofactivity (the first number is Brian's happiness level while the second number is Anna's):AnnaFootballCinema13146.Based on the information above, we can conclude that:The dominant strategy for both players is football.O There is no dominant strategy equilibrium.O The dominant strategy eguilibrium vields the highest possible happiness for bothBrianCinemaFootball3.2. 34Based on the information above, we can conclude that:The dominant strategy for both players is football.O There is no dominant strategy equilibrium.O The dominant strategy equilibrium yields the highest possible happiness for both.O The dominant strategy is (Cinema, Football) and neither player would want to deviate fromthe dominant strategy equilibrium.BrianCinemaF3.

Answered: Image /qna-images/answer/85c0793a-9220-408f-a435-752169f5ea12.jpg

Brian likes going to the cinema more than watching football. Anna, on the other hand, prefers watching football to going to the cinema. If one person chooses their favourite activity, the other person prefers to spend time together rather than spend an afternoon apart. The following table represents the happiness levels (payoffs) of Anna and Brian, depending on their choice of activity (the first number is Brian's happiness level while the second number is Anna's):

Brian likes going to the cinema more than watching football. Anna, on the other hand, prefers watching football to going to the cinema. If one person chooses their favourite activity, the other person prefers to spend time together rather than spend an afternoon apart. The following table represents the happiness levels (payoffs) of Anna and Brian, depending on their choice of activity (the first number is Brian's happiness level while the second number is Anna's):

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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