In a co-ordination style game:Group of answer choicesThere are multiple Nash equillibriaNone of the other answers are correct.The outcome of the game will be the Nash equillibrium with the highest payoff for both parties.There is a unique Nash equillibrium

Consider a prisoner’s dilemma type of game and a coordination type of game. In which type of game are there more Nash equillibrium?Group of answer choicesThey have the same amountCoordinationPrisoner’s dilemmaNone of the above

Consider two restaurants, R1 and R2, simultaneously decide what sort of cuisine they will focus on, Thai (T) or Vietnamese (V). If both opt for T, the payoffs are 10 each. If both opt for V, the payoffs are 20 each. If R1 plays T and R2 V the payoffs are (30, 40). If R1 plays V and R2 T, the payoffs are (50, 60) for R1 and R2, respectively. What are the Nash equilibria?Group of answer choices(V, V)(T, T)(T, T) and (V, V); this is a coordination game(T, V) and (V, T); this is a coordination game.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.

Consider the following game.   L M2 RU 0,4 2,3 1,1M1 3.2 2,3 3,2D 9,2 1,1 2,2Which option has all Nash equilibria and nothing else?Group of answer choices(D,L) and (M1, M2)(M1,R)(M1,R) and (M1, L)(D,R), (D,L), and (M1, M2)(M1,M2)(U,R)

Consider the following game in which Sally can play T or B and John chooses between L or R. Each player makes their choice simultaneously. If Sally chooses T and John chooses L ,Sally gets a payoff of 3 and John has a payoff of 7. If Sally plays T and John R, Sally’s payoff is 2 and John gets 1. If Sally Chooses B and John L, the payoffs are 1 to Sally and 2 to John. Finally, if Sally chooses B and John R, the payoffs are 4 to Sally and 3 to John. What are the Nash equilibria of the game?Group of answer choices(T,R)(B,R)(T,L) and (B,R)(T,L)None of the above