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Hello there, this question is based on game theory.

Hello there, this question is based on game theory. Very confusing and complex question; I have a midterm coming up and this is simply the study guide to help us prepare. If you could help me understand this problem to the best of your ability that would be highly appreciated. Please let me know if you need clarification on the question. Thank you for your time! IMG-1239.JPG


Sincerely,

Jason

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