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nakungth nakungth
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6 years ago
The countries Economus and Sociolomous on planet Subjectus are engaged in a Cold War.  The pay-offs of their available strategies are presented in the table below.



The pay-offs are listed in terms of percentage growth in the standard of living of the two countries.                       
Does either country have a dominant strategy?  Does the game have a Nash equilibrium?  What is the maximin strategy of each player in the game?
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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CanihCanih
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6 years ago
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nakungth Author
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#2
5 years ago
Thanks, very pleased with your answer
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