Consider the strategic form game shown in FIGURE PR3.4. a. Assume that both players are rational…. 1 answer below »

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Consider the strategic form game shown in FIGURE PR3.4.

a. Assume that both players are rational. What happens?

b. Assume that both players are rational and that each believes that the other is rational. What happens?

c. Find the strategies that survive the iterative deletion of strictly dominated strategies.