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Examples of game theory.

Consider the following normal-form game.

Player A	Player B
Statergy	Left	Right
Top	$100, $200	-$10,, $100
Bottom	$500, -$50	-$100, -$100

a.What is player B's best strategy ina simultaneous-move play of this game?
b.What is player A's best strategy in a simultaneous-move play of this game?
cWhat are player A and B's equilibrium payoff in a simultaneous-move play of this game?
d.Use an extensive form representation to show that player B can earn higher payoffs by form game since it is the first mover.)
e.List two things player B must do in order to be able to achive these higher payoffs.

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