1.Find Nash equilibrium and equilibrium of dominant strategies.а.NАb.LCP(3;1) (2;3) (10;2)(4;5) (3;0)(2;2) (5;4)U(4;8)(2;3)(3;7)U(6;4)M(0;3)(6;1)(2;2)L(12;3)(-1;5)(9;4)(4;6)(5;6) (4;5)(9;7)E

Find Nash equilibrium and equilibrium of dominant strategies. а. N A b. L C P (3;1) (2;3) (10;2) U (4;5) (3;0) | (6;4) (2;2) (5;4) (12;3) E (5;6) (4;5) | (9;7) J U (4;8) (2;3) (3;7) M (0;3) (6;1) (2;2) D (-1;5) (9;4) (4;6) 1.

Find Nash equilibrium and equilibrium of dominant strategies. а. N A b. L C P (3;1) (2;3) (10;2) U (4;5) (3;0) | (6;4) (2;2) (5;4) (12;3) E (5;6) (4;5) | (9;7) J U (4;8) (2;3) (3;7) M (0;3) (6;1) (2;2) D (-1;5) (9;4) (4;6) 1.

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

1.
Find Nash equilibrium and equilibrium of dominant strategies.
а.
N
А
b.
L
C
P
(3;1) (2;3) (10;2)
(4;5) (3;0)
(2;2) (5;4)
U
(4;8)
(2;3)
(3;7)
U
(6;4)
M
(0;3)
(6;1)
(2;2)
L
(12;3)
(-1;5)
(9;4)
(4;6)
(5;6) (4;5)
(9;7)
E

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