Question: 1 . Consider the following ( 2 times 2 ) payoff matrix. Player 2 a ) If Player 1 plays strategy B

1. Consider the following \(2\times 2\) payoff matrix.
Player 2
a) If Player 1 plays strategy B, and Player 2 plays strategy A, then what is the respective payoffs for each player? [1 mark]
b) Does Player 1 or Player 2 have a Dominant Strategy? If so, what is/are they. No need to show your work. [2 mark]
c) Does this game have a Nash Equilibrium? If so, what is/are they? No need to show your work. [1 mark]
2. Consider the following \(2\times 2\) payoff matrix.
Player 2
a) Find Player 1 and Player 2's dominant strategies (if they have one). Also determine/state any Nash Equilibrium. [3 marks]
b) Construct a new payoff matrix (by filling in the below) that has the same dominant strategies and Nash Equilibrium as the game above. You can not use any of the numbers used in the game above. [2 marks]
1 . Consider the following \ ( 2 \ times 2 \ )

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