Consider the following game. What is the payoff dominant equilibrium? L RU 5,5 0,0D 0,0 1,1Group of answer choices(U,L)(D,L)(U,R)(U,R)

Consider the following Stag hunt game. What is the risk dominant equilibrium? L RU 9,9 0,5D 5,0 5,5Group of answer choices(U,L)(U,R)(D,L)(D,R)

Consider the game shown in the payoff matrix below. Assume this is a simultaneous game played only once, and players do not know what the other player is going to choose.Payoff Matrix for Two FirmsFirm B: Left Firm B: RightFirm A: Top $4 , $2 $3 , $3Firm A: Bottom $2 , $1 $1 , $0 Does Firm A have a dominant strategy? If so, what is it?Does Firm B have a dominant strategy? If so, what is it?Which outcomes are a Nash Equilibrium in this game? (If applicable, choose the option that includes all Nash Equilibria.)

In a dominant-strategy equilibriumGroup of answer choicesNone of the other answers are correct.Every player adopts a strategy that guarantees that the tota payoffs generated are minimised.Each player's strategy is their best choice, regardless as to the choice of action of its rivals.Each player's strategy is its dominant strategy, but only provided every player also adopts their dominant strategy.Every player adopts a strategy and the total payoffs generated for the players are maximised.

In a dominant strategy equilibrium: Group of answer choices The players adopt strategies that maximise the joint payoffs to all players in the game Each player adopts a strategy that maximises the payoffs to all of the other players in the game Players adopt strategies that minimise the payoffs of their rivals Every player plays their dominant strategy None of the above

If each player in a game has a strictly dominant strategy, then:Group of answer choicesthe Nash equilibrium is welfare-maximising.each player achieves a maximum payoff in equilibrium.the game has no equilibrium.there cannot be multiple equilibria.the game can only played once.