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Unformatted text preview: 3. Graph and describe the equilibrium in the kinked demand model. 4. Describe the Cournot model. 5. Graph and describe the equilibrium in the price leadership model. 6. Be able to define and understand the significance of the following (in game theory): a payoff matrix, a dominant strategy, a maxmin strategy, a Nash equilibrium. 7. Given a payoff matrix, know how to identify dominant strategies, maxmin strategies and a Nash equilibrium....
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This note was uploaded on 02/01/2008 for the course ECON 101 taught by Professor Hansen during the Spring '07 term at Wisconsin.
- Spring '07