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The following is a payoff matrix for a non-cooperative simultaneous move game between 2 players.
The payoffs are in the order (Player 1; Player 2):
What is/are the Nash Equilibrium/Equilibria of this game? (Ignore the pay-offs this time.)
Type your answer in the following form:
(c, B)
If you think the outcome is (c, B):
Separate any multiple Nash Equilibria with commas; e.g., (c, B); (a, A); but remember the brackets, commas, upper/lower case letters, AND no spaces.
Explain about the term Game Theory. Game Theory: While the decisions of two or more firms considerably influence each others’ profits, in that case they are into a situation
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mixed strategy game with ordinal and cardinal payoffs example please
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