Find each players dominant strategy

Reference no: EM13199135

In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $500. If both players choose strategy B, each earns a payoff of $100. If player 1 chooses strategy A and player 2 chooses strategy B, then player 1earns $0 and player 2 earns $650. If player 1 chooses strategy B and player 2 chooses strategy A, then player 1 earns $650 and player 2 earns $0.

a. Write the above game in normal form.
b. Find each player's dominant strategy, if it exists.
c. Find the Nash equilibrium (or equilibria) of this game.

Reference no: EM13199135

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