Question: 3 . ( 2 0 points ) Consider the discrete version of a Cournot competition game. Two firms can each choose from four different quantity

3.(20 points) Consider the discrete version of a Cournot competition game. Two firms can each choose from four different quantity levels: 0,5,10, and 15. Each firm has constant marginal cost c =5. The inverse demand function is P (q)=25q when q [0,25] and P (q)=0 if q >25.(a) Represent the game in strategic form, that is, draw a game matrix with strategies and payoffs.(b) Solve for the Nash equilibria of the game. Is the game domi- nance solvable? That is, is there a unique Nash equilibrium to the game that is obtainable through iterated elimination of dom- inated strategies

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