Q1Consider the following normal-form game:Left Centre Right Up ; 0;4 2;2 Middle

Q1Consider the following normal-form game:Left Centre Right Up ; 0;4 2;2 Middle 4;0 1;1 5;5 Down 1;2 2;2 3;3where >0 and >0.a) For what values of and the Nash equilibrium couple of strategies is(Middle;Right)? Explain. b) For what values of(Up;Left)? Explain. c) For what values ofstrategies? Explain.d) For what values ofstrategies? Explain.Q2and the Nash equilibrium couple of strategies is and we have that U p and Lef t are non-rationalizableand there exists a Nash equilibrium in dominatedConsider the following demand function, p = a
Requirements: 1111

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