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    Microeconomics Study Set 32
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    Exam 12: Game Theory
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    Use the Following to Answer Question
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Use the Following to Answer Question

Question 11

Question 11

Essay

Use the following to answer question:
(Table: Lemonade) Use the following to answer question: (Table: Lemonade)   -(Table: Lemonade) Answer the following questions. a. Who are the players? b. What strategies does each player have? c. Identify any dominant strategies.
-(Table: Lemonade)
Answer the following questions.
a. Who are the players?
b. What strategies does each player have?
c. Identify any dominant strategies.

Correct Answer:

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a. The players are Sarah and A...

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