Consider the following Extended Form Game:0 1OO58A'a(9,5)AP2P1B' A'(5,2) (8,5)BA(1,6)What payoff does player 1 derives if player 1 chooses the strategy (B,A) and player 2 chooses thestrategy (A, B')?P2B'P1B(6,7)

There are two players : Player 1 & 2 Strategy Set of Player 1 : {A , B }Strategy Set of Player 2…

Answered: Consider the following Extended Form…

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Consider the following Extended Form Game: A' (9,5) A P2 P1 B' A' (5.2) (8.5) B P2 B' P1

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

Consider the following Extended Form Game:
0 1
O
O
5
8
A'
a
(9,5)
A
P2
P1
B' A'
(5,2) (8,5)
B
A
(1,6)
What payoff does player 1 derives if player 1 chooses the strategy (B,A) and player 2 chooses the
strategy (A, B')?
P2
B'
P1
B
(6,7)

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