Figure 4.9: -Refer to Figure 4.9. Payoffs for Playing Solid and Dash

Short Answer

Figure 4.9:
-Refer to Figure 4.9. Payoffs for playing Solid and Dash are indicated by the appropriate lines in the figure.Answer the following questions based on the above figure:
a. If you were playing this game, what would you choose if you thought everyone was playing Solid?
b. If you were playing this game, what would you choose if you thought everyone was playing Dash?
c. What is the dominant strategy in this game?
d. What is the equilibrium outcome in this game?