Question: Examine the matrix below: Player 2 MB - 4 R G L M 4 Amazon T (0,6) (4.4) (2, (2,0) (6.1) (0,4) (i) One of

 Examine the matrix below: Player 2 MB - 4 R G

Examine the matrix below: Player 2 MB - 4 R G L M 4 Amazon T (0,6) (4.4) (2, (2,0) (6.1) (0,4) (i) One of the strategies can be eliminated by Iterated Elimina tion of Strictly Dominated Strategies (IESDS), which one? Explain why it can be eliminated and find a strategy that dominates it. [8 Marks] (ii) In the reduced game that results, find the unique mixed strategy Nash equilibrium. [9 Marks] (iii) Graph the best response function of each player showing this Nash equilibrium. [8 Marks]

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