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The payoff matrix for the 2-person 0-sum game of Union in negotiation with Management for annual percentage pay raise is given below:
M1 M2 M3 M4
U1 4 2 3 2
U2 3 5 1 3
U3 3 2 3 4
U4 4 1 4 4
Eliminate all dominated strategies to obtain the irreducible matrix.
Identify and solve all sub-games.
Summarize the solution of the game.
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