Correct and detailed answer will be Upvoted else downvoted. Thank you! Consider the following representation of a Normal form game.actionswa(45,22)(10,38)(42,13)(10,7)(p,28)(15,40)(q,10)(44,10)(20,22)(14,31)(27,13)(12,8)d.(20,41)(9,48)(28,24)(18,32)Here each cell in the table represents an ordered pair. First element is payoff of the first player and second element is payoff of the secondplayer. The letters a, b, c, d, x, y, z, w represent the actions.Write down the table in your answer script too.Now answer the following questions:1. What is the distinction between strictly dominant strategy and weakly dominant strategy? Is it reasonable for a player to play a strictlydominated strategy? Explain why.2. What are the minimum values for p and q that will make ba strategy that strictly dominates all other strategies for player 1, assumingboth p and q are natural numbers?3. Does player 2 have any strictly dominated pure strategy? If yes, which pure strategy dominates that strategy?If the submit button is off it is beacuse the due date is over. Submit the file using the google form link above, you will be counted as latesubmission unless you took prior permission to be late from the teacher.

Game Theory is defined as a branch of mathematics which conceives social situations among players…

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Consider the following representation of a Normal form game.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Correct and detailed answer will be Upvoted else downvoted. Thank you!

Consider the following representation of a Normal form game.
actions
w
a
(45,22)
(10,38)
(42,13)
(10,7)
(p,28)
(15,40)
(q,10)
(44,10)
(20,22)
(14,31)
(27,13)
(12,8)
d.
(20,41)
(9,48)
(28,24)
(18,32)
Here each cell in the table represents an ordered pair. First element is payoff of the first player and second element is payoff of the second
player. The letters a, b, c, d, x, y, z, w represent the actions.
Write down the table in your answer script too.
Now answer the following questions:
1. What is the distinction between strictly dominant strategy and weakly dominant strategy? Is it reasonable for a player to play a strictly
dominated strategy? Explain why.
2. What are the minimum values for p and q that will make ba strategy that strictly dominates all other strategies for player 1, assuming
both p and q are natural numbers?
3. Does player 2 have any strictly dominated pure strategy? If yes, which pure strategy dominates that strategy?
If the submit button is off it is beacuse the due date is over. Submit the file using the google form link above, you will be counted as late
submission unless you took prior permission to be late from the teacher.

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