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Business, 03.12.2021 19:40 terryhgivens5349

Show that for player 1 the strategy with a maximum bid of $6,000 dominates a strategy with a maximum bid of $5,000. Repeat with an alternative maximum bid of $7,000. Do all this under the first tie-breaking rule in which player 1 gets the drawing when the maximum bids are identical.

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Show that for player 1 the strategy with a maximum bid of $6,000 dominates a strategy with a maximum...
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