Suppose there is a change in the payoffs, as shown in Figure 2. With these revised...

 

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Suppose there is a change in the payoffs, as shown in Figure 2. With these revised payoffs in mind, determine whether either nation has a dominant strategy. Briefly explain your answer and state the dominant strategy if it exists. [3 marks] [max words: 150] Figure 2: The climate strategy game with revised payoffs. Argentina France Abate Pollute 8 Abate N 2 4 Pollute Suppose there is a change in the payoffs, as shown in Figure 2. With these revised payoffs in mind, determine whether either nation has a dominant strategy. Briefly explain your answer and state the dominant strategy if it exists. [3 marks] [max words: 150] Figure 2: The climate strategy game with revised payoffs. Argentina France Abate Pollute 8 Abate N 2 4 Pollute

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The revised payoffs in Figure 2 show that neither Argentina nor France has a dominant strategy This means that there is no single strategy that each n... View the full answer