Answer to Question #46150 in Economics of Enterprise for email@example.com
player B strategy
1000$ - 2000
player A strategy 1 2000$ -1000
2 -2000 1000
a. Does Player A have a dominant strategy? Explain why or why not.
b. Does Player B have a dominant strategy? Explain why or why not
b. Player B has a dominant strategy too, he will prefer the strategy 1 to minimize possible losses. That's why, in our case both Player A and Player B will chose strategy 1, so Player A will get $2000 and Player B will get $1000.
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