Question: 1. Evaluate the following payoff matrix: Player 2 Cha Cha Waltz Tango Cha Cha 1,1 1,4 2,1 Player 1 Waltz 2,4 2,5 0,7 Tango 3,3

1. Evaluate the following payoff matrix: Player 2

1. Evaluate the following payoff matrix: Player 2 Cha Cha Waltz Tango Cha Cha 1,1 1,4 2,1 Player 1 Waltz 2,4 2,5 0,7 Tango 3,3 3,4 8,6 a) What is Player l's best response to Player 2's "Tango"? b) What is Player 2's best response to Player l's "Cha Cha? c) State the strictly dominant strategy for Player 1 if it exists, otherwise write None. d) State the strictly dominant strategy for Player 2 if it exists, otherwise write None

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