Q

R

S

U

$1,-1$

$0,3$

$3,1$

B

$3,0$

$1,2$

$5,3$

C

$2,1$

$0,0$

$2,1$

Q$1$

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What is the best response to $"$R$"$

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a

U

b

B

c

C

d

U$,$ C

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Q$2$

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Which of the following is true

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a

Both players have a dominant strategy

b

Player $1$ has a dominant strategy, but not player $2$

c

Player $2$ has a dominant strategy but not player $1$

d

Neither player has a dominant strategy

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Q$3$

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What is the Nash Equilibrium of the game?

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a

$($B $,$ R$)$

b

$($ C$,$ Q$)$

c

$($U$,$ Q$)$

d

$($B $,$ S$)$

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Green $($player$1)/$Red$($player $2)$

Ad Campaign

No Ad Campaign

Ad Campaign

$1$ million, $1$ million

$3$ million, zero

No Ad Campaign

zero $,3$ million

$2$ million, $2$ million

Q$4$

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Which of the following is true?

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a

Not advertising is the dominant strategy for both Red Rover and Green Giant

b

Neither Red Rover nor Green Giant has a dominant strategy

c

Green Giants best repsone to Red Rover advertising is to not advertise

d

Advertising is the dominant strategy for both Red Rover and Green Giant

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Q$5$

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What is the Nash equilibrium of the game?

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a

$($advertise$,$ advertise$)$

b

$($advertise$,$ don$$t advertise$)$

c

$($don$$t advertise, advertise$)$

d

$($don$$t advertise, don$$t advertise$)$