Player 1 Up Middle (up, left) Down Left PI:$29 P2:56 PI:$25 P2:$15 PI:S14 P2:586 Player 2 Middle P1:$3 P2: $4 P1:37 P2:$23 PI:SO P2:531 Right PI:$7 P2:$4 P1:$3 P2:$17 P1:$30 P2:$30 In the game shown above, list all of the EFFICIENT Nash Equilibrium (please check ALL that apply)
Player 1 Up Middle (up, left) Down Left PI:$29 P2:56 PI:$25 P2:$15 PI:S14 P2:586 Player 2 Middle P1:$3 P2: $4 P1:37 P2:$23 PI:SO P2:531 Right PI:$7 P2:$4 P1:$3 P2:$17 P1:$30 P2:$30 In the game shown above, list all of the EFFICIENT Nash Equilibrium (please check ALL that apply)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Player 1
00000ODODO
Up
Middle
Down
Left
P1:$29
P2:56
(up, left)
(up, middle)
(up, right)
(middle, left)
(middle, middle)
(middle, right)
(down, left)
(down, middle)
(down, right)
No EFFICIENT Nash equilibrium
P1:$25
P2:$15
P1:S14
P2:586
Player 2
Middle
P1:$3
P2: $4
P1:$7
P2:$23
PI:SO
P2:$31
Right
P1:$7
P2:$4
P1:$3
P2:$17
In the game shown above, list all of the EFFICIENT Nash Equilibrium (please check ALL that apply)
P1:$30
P2:$30
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