Page 369 - The Principle of Economics
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CHAPTER 16 OLIGOPOLY 375
Does either player have a dominant strategy? If Jeff chooses a particular strategy (Left or Right) and sticks with it, what will Steve do? So, can you think of a better strategy for Jeff to follow?
Jeff Hits
Left
Right
Jeff loses point
Steve wins point
Steve Guesses
Left Right
Jeff wins point
Steve loses point
Jeff wins point
Steve loses point
Jeff loses point
Steve wins point
