Question: Consider a two player simultaneousmove game. Say the two players are P1 and P2. P1 has two pure strategies, A and B. Also define a









Consider a two player simultaneousmove game. Say the two players are P1 and P2. P1 has two pure strategies, A and B. Also define a mixed strategy of P1 as (p, 1-p) i.e. P'I plays A with probability p and B with probability (1-p). P2 has two pure strategies, C and D. Also define a mixed strategy of P2 as (q, 1-q) i.e. P2 plays C with probability q and D with probability (1-q). The graph below shows the best response graphs of the two players. The green curve is the Best-response function of P2 and the black curve is the best-response function of P1. 'I l Answer the questions below based on this graph. (You do not need any additional information to answer the questions.) Note: In case there are multiple selections available, incorrect selections have penalty. Selecting all options will not get you full credit in those questions. \fb. If P1 plays A with probability (p=1/2), then playing C with probability 3/4 (q=3/4) is a best response for P 1 c. If P'I plays A with prob A V c. If P1 plays A with probability (p=2/3), then the best response for P2 is ed strategy where p is A V Mixed strategy with q=1/2 Any mixed strategy where q is between 0 and 1 d. If P2 plays C with probability (q=1/2), then any mixed strategy where p is between 0 and 1 is a best response for P1 v I TRUE FALSE
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