Question: Consider the payoffs shown in the table below for a 2 person game. Answer ALL of the following questions 1) For Player 1, does strategy

Consider the payoffs shown in the table below for a 2 person game. Answer ALL of the following questions

Consider the payoffs shown in the table below for

1) For Player 1, does strategy M weakly dominate strategy U? (Yes/No)

2) For Player 1, does strategy M weakly dominate strategy D? (Yes/No)

3) For Player 2, does strategy C weakly dominate strategy L? (Yes/No)

4) For Player 2, does strategy C weakly dominate strategy R? (Yes/No)

5) Is there a dominant strategy solution? If so, what is the dominant strategy solution.

6) Is there an IEDS solution? If so, write down the IEDS solution.

7) For Player 1, what would be the best response(s) if player 2 picks strategy L?

8) For Player 1, what would be the best response(s) if player 2 picks strategy C?

9) For Player 1, what would be the best response(s) if player 2 picks strategy R?

10) For Player 2, what would be the best response(s) if player 1 picks strategy U?

11) For Player 2, what would be the best response(s) if player 1 picks strategy M?

12) For Player 2, what would be the best response(s) if player 1 picks strategy D?

13) Write down all the Nash equilibria in pure strategies you can identify.

so 2, 16 5, 15 5,7 11, 10 8, 11 7, 12 8, 18 8, 10 6,1

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