See attached problem.
1. What is the player's dominant strategy?
2. What is the Nash Equilibrium?
3. What are the strategy pairs by aggregate payoff?
4. Can the output with the highest aggregate payoff be sustained in equilibrium? Why or why not?© BrainMass Inc. brainmass.com October 9, 2019, 8:53 pm ad1c9bdddf
This solution discusses a player's dominant strategy.