Question: Player ? Left Middle Right Up PI: $10 PI: $5 P1: $45 P2: $10 P2: $20 Player I P2: $10 Addle P1: $20 P1: 50

Player ? Left Middle Right Up PI: $10 PI: $5 P1: $45 P2: $10 P2: $20 Player I P2: $10 Addle P1: $20 P1: 50 P1: $50 P2: $20 P2- 560 P2: 570 Down PI: $60 PI: 50 PI: $100 P2: 560 P2: 570 P2: 560 In the game shown above, list all of the Nash Equilibrium (please check ALL that apply) (up. left) (up, middle) (up. right) (middle, left) (middle, middle) O(middle, right) (down, left) (down, middle) (down, right) No equilibrium QUESTION 4 There are two firms in an industry. Firm A and Firm B. If firm A and firm B both advertise. they each will earn $5 million in profits. if neither firm advertises, they will each eam $10 million in profits. However. if one firm advertises and the other does not, the firm that advertises will earn $15 million and the non-advertising firm will earn $1 million. List all Nash equilibrium to this game Both firms advertise OFirm A advertises and Firm B does not OFirm B advertises and Firm B does not ONeither firm advertises No Nash equilbrium exists

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