Micro Unit 4, Question 15: Game Theory + Puppies

The video tutorial explains how to read a chart to determine dominant strategies in game theory. It discusses the pricing strategies of two firms, identifying that Firm 1 has a dominant strategy of always pricing high, while Firm 2 does not have a dominant strategy. The tutorial uses examples to illustrate these concepts, emphasizing the importance of choosing strategies based on potential outcomes.

What new insight or understanding did you gain from this video?

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