Answer the following as True, False, or Uncertain. and justify your answer 1.“Ev
ID: 1230091 • Letter: A
Question
Answer the following as True, False, or Uncertain. and justify your answer1.“Every strategy that survives Iterated Elimination of Dominated Strategies in a 2 person game must also be a Nash equilibrium.”
2. “In some games, a weakly dominated strategy may survive IEDS”
3.“Every Nash equilibrium will survive Weak Iterated Elimination of Dominated Strategies”
4.“In a Cournot game, the higher the number of firms the more efficient the Nash Equilibrium”
5. “In a Bertrand game with symmetric cost structures, the higher the number of firms the more efficient the Nash Equilibrium”
Explanation / Answer
1/ T 2. F 3. T 4. F 5 F