Annie and Peter have two strategies each at their disposal: top and bottom. For the strategy combinations (top, top)and (top, bottom), the payoff is (0,100)in each case, where the first position refers to Annie, and the second to Peter. Similarly, for (bottom, top)the payoff is (- 20, - 50), while for (bottom, bottom)is (60, 60). Is there a Nash equilibrium in pure strategies? Is there a dominant strategy Nash equilibrium?

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The Answer of Annie and Peter have two strategies each at their disposal: top and bottom. For the strategy combinations (top, top)and (top, bottom), the payoff is (0,100)in each case, where the first position refers to Annie, and the second to Peter. Similarly, for (bottom, top)the payoff is (- 20, - 50), while for (bottom, bottom)is (60, 60). Is there a Nash equilibrium in pure strategies? Is there a dominant strategy Nash equilibrium?

Annie and Peter Have Two Strategies Each at Their Disposal