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Assignment 3 1. Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn matter which side it is...
Assignment 31. Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn稚 matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.Driver 2Right-10000,0Does either player have a dominant strategy? Explain.Is there Nash equilibrium in this game? ExplainWhy this game is called a cooperative game?2. a. What is the firm痴 Total Revenue?b. What is the Total Cost? c. What is the firm痴 Total Profits? d. If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output.
