3. Determine the Nash Equilibrium for the following normal form of the game. A) MARY B) UP DOWN PLAYER 1 HARLEY UP (10, 10) (4,8) LEFT UP (3,0) MIDDLE (1, 1) DOWN (0,1) DOWN (8,4) (5,5) PLAYER 2 CENTER RIGHT (2,1) (1,1) (4,2) (0,0) (5,0) (0,1)

3. Determine the Nash Equilibrium for the following normal form of the game. A) MARY B) UP DOWN PLAYER 1 HARLEY UP (10, 10) (4,8) LEFT UP (3,0) MIDDLE (1, 1) DOWN (0,1) DOWN (8,4) (5,5) PLAYER 2 CENTER RIGHT (2,1) (1,1) (4,2) (0,0) (5,0) (0,1)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3. Determine the Nash Equilibrium for the following normal form of the game.
A)
MARY
B)
UP
DOWN
PLAYER
1
HARLEY
UP
(10, 10)
(4,8)
LEFT
(3,0)
UP
MIDDLE
(1, 1)
DOWN (0,1)
DOWN
(8,4)
(5,5)
PLAYER 2
CENTER RIGHT
(2,1)
(1,1)
(4,2)
(0,0)
(5,0)
(0,1)

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