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EC311 · Intermediate Microeconomics

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EC311 / TOPIC 33

8.7 Dominance, Nash and maximin

One idea · follow the reasoning · then practise1 / 9

01

How do we find Nash equilibrium from a payoff table without choosing the highest total?

A large building, smaller buildings, groups of game pieces, and a branching decision board connected by arrows
VISUAL NOTE · Market power and games Read both players’ responses at once

Both shops may prefer avoiding a price war yet individually want to cut price.