1. Use the following one-shot, normal form game to answer the questions below. Strategy A 100, 125 300, 250 200, 100 500, 500 400, 300 -100, 350 250, O 750, 400 0, -100 (a) Find each player's dominant strategy, if it exists. (b) Find the Nash equilibrium.

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Oligopoly
Section: Chapter Questions
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1. Use the following one-shot, normal form game to answer the questions below.
Strategy
A
100, 125
300, 250
200, 100
250, 0
500, 500
750, 400
400, 300 -100, 350
0, -100
(a) Find each player's dominant strategy, if it exists.
(b) Find the Nash equilibrium.
Transcribed Image Text:1. Use the following one-shot, normal form game to answer the questions below. Strategy A 100, 125 300, 250 200, 100 250, 0 500, 500 750, 400 400, 300 -100, 350 0, -100 (a) Find each player's dominant strategy, if it exists. (b) Find the Nash equilibrium.
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