Question: (8 points) Consider the following game matrix. Player 2 Rectangle Hearts Pentagon Spades Player 1 Triangle 4,12 8, 10 13, 11 2, 15 Diamond 10,8

 (8 points) Consider the following game matrix. Player 2 Rectangle Hearts

(8 points) Consider the following game matrix. Player 2 Rectangle Hearts Pentagon Spades Player 1 Triangle 4,12 8, 10 13, 11 2, 15 Diamond 10,8 9, 12 5,4 11,7 Octagon 15,9 7,11 9,17 5,1 Clubs 14,6 13,8 17,3 10,16 Part (a): First, list and eliminate all dominated strategies using IESDs. Be sure to specify which strategy dominates which dominated strategy Part (b): With the remaining outcomes, illustrate each player's best-response function. Include a legend to distinguish between the functions. To ease the grading burden: Player 1: chooses strategies with variabler, assigned to the vertical axis Player 2: chooses strategies with variables, assigned to the horizontal axis Part (c): List all pure NE and mixed-strategy NE. . . (8 points) Consider the following game matrix. Player 2 Rectangle Hearts Pentagon Spades Player 1 Triangle 4,12 8, 10 13, 11 2, 15 Diamond 10,8 9, 12 5,4 11,7 Octagon 15,9 7,11 9,17 5,1 Clubs 14,6 13,8 17,3 10,16 Part (a): First, list and eliminate all dominated strategies using IESDs. Be sure to specify which strategy dominates which dominated strategy Part (b): With the remaining outcomes, illustrate each player's best-response function. Include a legend to distinguish between the functions. To ease the grading burden: Player 1: chooses strategies with variabler, assigned to the vertical axis Player 2: chooses strategies with variables, assigned to the horizontal axis Part (c): List all pure NE and mixed-strategy NE

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