In your answer to each part below, include references to specific games discussed in the chapter as
Question:
a. If a game has dominant strategy equilibrium, does it have Nash equilibrium?
b. If a game has Nash equilibrium, does it have dominant strategy equilibrium?
c. If one firm has a dominant strategy, can another firm take advantage of that fact in deciding on its optimal strategy?
d. Can a game have more than one dominant strategy equilibrium? Can a game have more than one Nash equilibrium?
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a Any dominant strategy equilibrium is also Nash equilibrium This is discus...View the full answer
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Related Book For 
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
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