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(2,5). Find the Walrasian equilibrium. 4. 120] Answer the following. (a) 14 Explain the difference between a strategy that is a best response versus a strategy that is strictly dominant. (b) (6) Consider the following game: player 2 D E F C A 3,7 7,3 1,2 4,3 player 1 B 8,9 8,5 2,8 5,2 C 0,10 7,01,9 2,2 Find the strictly dominant strategies solution and the iterated elimination of strictly dominated strategies solution, if any. (c) [10] Consider the following game: player 2 R. TI 10.4 | 1,2 | 1,0 player 1 M 6,4 2,0 3,0 В|9,0 | 3,3 | 4,8 Find all the Nash equilibria (including mixed strategy ones).

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