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Question: 7 solving for dominant strategies and the nash equillbrium suppose...

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7. Solving for dominant strategies and the Nash equillbrium Suppose Larry and Megan are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both chooses Right, Larry will receive a payoff of 7 and Megan will recelive a payoff of & of their choices. For example, the lower-right cell shows that if Larry chooses Right and Megan Megan eft Right ght Right 7 7, The only dominant straegy in tis ame isfrto chose The autcome reflecting the unique Nash equiibrium in this ame is as folows: Larry chooses and Megan chooss
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