A) (2 points) Does player A have a dominant strategy, and if so what is it? B) (2 points) Does player B have a dominant strategy and if so what is it? C) (8 points) For each of the following strategy combinations, write TRUE if it is a Nash Equilibrium, and FALSE if it is not: i) Top/Left ii) Top/Right iii) Bottom/Left iv) Bottom Right D) (8 points) For each of the following strategy combinations, write TRUE if it is Pareto Efficient, and FALSE if it is not: i) Top/Left ii) Top/Right iii) Bottom/Left iv) Bottom Right

E) (4 points) Suppose the game is played where Player A chooses their strategy first. Player 2 observes Player As strategy choice, then Player B chooses their strategy. Using the backward induction method we discusses in class, what will be the outcome of the game? (Circle the correct answer.) i) Top/Left ii) Top/Right iii) Bottom/Left iv) Bottom Right F) (1 point) What is Player As Maximin Strategy?

1. (25 Total Points) Suppose that two players are playing the following game. Player 1 can choose either Top or Bottom, and Player 2 can choose either Left or Right. The payoffs are given in the following table: where the number on the left is the payoff to Player A, and the number on the right is the payoff to Player B. 1. (25 Total Points) Suppose that two players are playing the following game. Player 1 can choose either Top or Bottom, and Player 2 can choose either Left or Right. The payoffs are given in the following table: where the number on the left is the payoff to Player A, and the number on the right is the payoff to Player B