Consider the following two-player normal-form game. L C R U 1,10 10,0 1,-10 M 1,2 -1,10...

 

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Consider the following two-player normal-form game. L C R U 1,10 10,0 1,-10 M 1,2 -1,10 1,3 B 2,-5 0,0 3,6 1. Does the row player have a strictly dominant strategy? If yes, what is that? Does the column player have a strictly dominant strategy? If yes, what is that strictly dominant strategy? 2. Does the row player have a strictly dominated strategy? If yes, what is that? If no, why? Does the column player have a strictly dominated strategy? If yes, what is that? If no, why? 3. Does the game have a dominant strategy equilibrium? Explain why. Consider the following two-player normal-form game. L C R U 1,10 10,0 1,-10 M 1,2 -1,10 1,3 B 2,-5 0,0 3,6 1. Does the row player have a strictly dominant strategy? If yes, what is that? Does the column player have a strictly dominant strategy? If yes, what is that strictly dominant strategy? 2. Does the row player have a strictly dominated strategy? If yes, what is that? If no, why? Does the column player have a strictly dominated strategy? If yes, what is that? If no, why? 3. Does the game have a dominant strategy equilibrium? Explain why.