Question: Solve clearly Player 2 Left Right P1: $4 P1:$2 Player 1 up P2: $4 P2: $2 P1: $6 P1: $1 Down P2:59 P2: $10 In
Solve clearly




Player 2 Left Right P1: $4 P1:$2 Player 1 up P2: $4 P2: $2 P1: $6 P1: $1 Down P2:59 P2: $10 In the game shown above, list all of the Nash Equilibrium (please check ALL that apply) (up, left) D(up, right) (down, left) (down, right) NonePlayer 2 Left Right Player 1 P1: $12 P1:$50 5 P2: $1 P2: 50 P1 : $10 P1: $35 Down P2:50 P2: $35 List all dominant stragies in the game shown above Up is a dominant strategy for player 1 Down is a dominant strategy for player 1 Left is a dominant strategy for player 2 Right is a dominant strategy for player 2 There are no dominant strategies in this gameQUESTION 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 earn $10 million in profits. However, if one firm advertises and the other does not, the firm that advertises wil earn $15 million and the non-advertising firm will earn $1 million. List all EFFICIENT Nash equilibrium to this game? Both firms advertise Firm A advertises and Firm B does not Firm B advertises and Firm B does not Neither firm advertises No efficient Nash equilibrium existsPlayer 2 Right PI: $50 PI: $70 PI: 525 S P2: $50 P2: $30 P2: $25 Player I PI: 562 PI: 565 PI: $12 Aiddia P2: $16 P2: SO P2: $12 PI: $35 PI: $14 PI: $75 Down P2: $75 P2: 547 P2. $70 In the game above list all of the Nash equilbrium (up, left) (up, middle) (up, right) (middle, left) [middle, middle) (middie, right) (down, loft) (down, middle) (down, right) No Nash equilibrium
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