please solve it within one hour i will thumbs up you 2) True or false? Explain your reasoninga. Log-liners learning converges to a pure strategy equilibriumb. Saddle point aq. Only occurs in zero-sum games,c. Fictitious play converges to the best nash equilibrium for all agentsd. PoA is identical to PoS if there exists only one pure Nash equilibriume. Cournot learning method can be stuck in iterating between non-equilibriumpoints. If true, give an example IF false, prove that it cannot be stuck in non-equilibrium pointsf. Log-liners learning can be applied to only zero sum games

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

Question

please solve it within one hour i will thumbs up you

2) True or false? Explain your reasoning
a. Log-liners learning converges to a pure strategy equilibrium
b. Saddle point aq. Only occurs in zero-sum games,
c. Fictitious play converges to the best nash equilibrium for all agents
d. PoA is identical to PoS if there exists only one pure Nash equilibrium
e. Cournot learning method can be stuck in iterating between non-equilibrium
points. If true, give an example IF false, prove that it cannot be stuck in non-
equilibrium points
f. Log-liners learning can be applied to only zero sum games

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