EBK MICROECONOMICS
2nd Edition
ISBN: 8220103679701
Author: List
Publisher: YUZU
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Question
Chapter 13, Problem 7Q
To determine
Distinguish between a strategy that is pure and a strategy that is mixed.
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What is the difference between Dominant strategy and mixed strategy? Please explain
what is the difference between nash equilibrium and dominated strategy?
Use the strictly dominant strategy to find a Pure Strategy Nash Equilibrium if there is one.
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