Show the box with all the payoffs and strategies! If both players choose strategy A, each earns a payoff of $500. If both players choose strategy B each earns a payoff of $100. If player 1 chooses strategy A and player 2 chooses strategy B, then player 1 earns $0 and player 2 earns $650 and vice versa!
a. Write the above game in normal form.
b. Find each player’s dominant strategy, if it exists.
c. Find the Nash equilibrium (or equilibria) of this game.
d. Rank strategy pairs by aggregate payoff (highest to lowest).
e. Can the outcome with the highest aggregate payoff be sustained in equilibrium? Why or why not?
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Show the box with all the payoffs and strategies! If both players choose strategy A, each earns a pa...
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