Question: Use the following one - shot, normal - form game to answer the following questions: ( 2 0 ) Player 2 Player 1 Strategy D

Use the following one-shot, normal-form game to answer the following questions: (20) Player 2 Player 1 Strategy D E F A -200,150350,100-50,600 B 200,-300400,400300,100 C -150,200-250,550750,-350 a. Define and explain the concept of dominant strategy (2) b. Find each players dominant strategy, if it exists. (4) c. Define and explain the concept of a secure strategy (2) d. Find each players secure strategy. (4) e. Define and explain the concept of Nash Equilibrium (2) f. Find the Nash Equilibrium/Equilibria, if it exists. (4) g. Is the Nash Equilibrium the best outcome for Player 1 and Player 2? Explain (2)

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