_Econ

Suppose that two players are playing the following game. PlayerA can either choose Top or Bottom, and Player B can either choose Left or Right. The payoffs are given in the following table: Player B Left Right Player A Top 8 2 4 0 Bottom 7 4 6 5 where the number on the left is the payoff to Player A, and the number on the right is the payoff to Player B. Assume the players choose their strategies simultaneously. A) (4 points) For each of the following strategy combinations, write “TRUE” if the strategy combination is a Nash Equilibrium, and “FALSE” if it is not a Nash Equilibrium: i) Top/Left ii) Top/Right iii) Bottom/Left iv) Bottom/Right