Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Find all Nash equilibria using the table method. Use / for column dominance and \
for row dominance. Put both / and \ if both apply; i.e. check every cell for both
row and column elimination. After using algebra to resolve any surviving cells,
plug your strategies back into the game and compute payoffs to verify your
solutions. Show all your work. NO CALCULATORS or decimal answers - use
fractions!
1,2 0,3
-1,-2
2₁-2
1,1
1,0
2,1
-3,0
-1,-1
1
2
3
12
13
23
123
1
2
3 12 13 23 123
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