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  3. 9 points for the following payoff matrix x y...

Question: 9 points for the following payoff matrix x y...

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. (9 points) For the following payoff matrix, X Y S -10,-10 2,-1 TI -1,2 | 1,1 (o) (e pointa) Create a story for this game. Explain briefly all compenents of a strategic game tb) (e pointa) Write the best response functions of each player and identify the pure strategy Nash equilitbria. (e) (3 points) Find the mixed strategy equilibrium. (a) (e points) What are the expected payoffs for both players?
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