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QUESTION
Consider a game in which, simultaneously, player 1 selects any real number x and player 2 selects any real number y. The payoffs are given by:...
Consider a game in which, simultaneously, player 1 selects any real number x and player 2 selects any real number y. The payoffs are given by:
u1(x,y)=2x-x^2+2xy u2(x,y)=10y-2xy-y^2
a. calculate and graph each players best response function as a function of the opposing players strategy.
b. Find and report the nash equilibria for this game
