Question: Solve clearly 5. Consider the following game. Player 2 L C R U 5,9 0, 1 4, 3 Player 1 M 3,2 0, 9 1,

Solve clearly 5. Consider the following game. Player 2 L C

Solve clearly

5. Consider the following game. Player 2 L C R U 5,9 0, 1 4, 3 Player 1 M 3,2 0, 9 1, 1 D 2,8 0, 1 8, 4 Payoffs to: (Player 1, Player 2) (i) Determine the strategies which are weakly dominated, and which are strictly dominated. [2] Find the pure strategy Nash equilibria. [4] Can any of the Nash equilibria be reached by iterated dominance? [2]

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