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Considering a two-player, one-shot simultaneous-move game, and each player can choose strategy A or B. If both players choose A, they both get $400; and if both players choose B, each of them gets a payoff of $200. If one chooses strategy A and the other chooses strategy B, then the one chooses A earns $100 and the payoff for the other chooses B is $600.
a) Write the above game in a normal form.
b) Write the above game in an extensive form.
c) Find each player’s dominant strategy, if it exists.
d) Find the strategy set that yields Nash Equilibrium for this game.
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Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience.
Suppose the market demand for burritos is given by Q d = 40 – 5P and the market supply for burritos is given by Qs = 10P – 20, where P = price (per burrito).
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1. suppose that ambers demand for gasoline is given by g 1000 - 200pg where g stands for gallons of gas and pg
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a professsionl society whoes dues are normally 100 per year is offering life memebrships for 1250. assume you are a
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