Recall the game from Exercise S11 in Chapter 4, where Larry, Moe, and Curly can choose to buy tickets toward a prize worth $30. We found six pure-strategy Nash equilibria in that game. In this problem, you will find a symmetric equilibrium in mixed strategies. (a) Eliminate the weakly dominated strategy for each player. Explain why a player would never use this weakly dominated strategy in his equilibrium mixture. (b) Find the equilibrium in mixed strategies.

answer; i believe the correct answer is (tall); ///good luck

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.