Question: Consider the normal-form game pictured below. Players A and B decide whether to 1. Find the set of rationalizable strategies. 2. Find the unique Nash

Consider the normal-form game pictured below. Players A and B decide whether to

1. Find the set of rationalizable strategies. 2. Find the unique Nash equilibrium. 3. Discuss whether the Nash equilibrium is eicient. Consider the normal-form game pictured below. Players A and B decide whether

Consider the normal-form game pictured below. Players A and B decide whether to Player 2 L M R U 7,6 3,0 6,5 Player 1 C 1,3 4,4 0,2 D|8,7 2,1 5,8 1. Find the set of rationalizable strategies. 2. Find the unique Nash equilibrium. 3. Discuss whether the Nash equilibrium is efficient. Consider the normal-form game pictured below. Players A and B decide whether to Player 2 L M R U 7,6 3,0 6,5 Player 1 C 1,3 4,4 0,2 D|8,7 2,1 5,8 1. Find the set of rationalizable strategies. 2. Find the unique Nash equilibrium. 3. Discuss whether the Nash equilibrium is efficient

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