Managerial Economics 7th Edition by Paul Keat ,Philip Young,Steve Erfle

Exercise 1

In your answer to each part below, include references to specific games discussed in the chapter as appropriate.
a. If a game has a dominant strategy equilibrium, does it have a Nash equilibrium
b. If a game has a Nash equilibrium, does it have a dominant strategy equilibrium
c. If one firm has a dominant strategy, can another firm take advantage of that fact in deciding on its optimal strategy
d. Can a game have more than one dominant strategy equilibrium Can a game have more than one Nash equilibrium