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Q. If 2 specialized athletes take steroids, they each one earn a life span income (net of health costs) of $3 million. If the 2 athletes refrain from steroids, they each earn a life span income of $4 million. If 1 athlete takes steroids, but the other does not, the steroid user achieves a competitive advantage furthermore earns a life span income of $6 million moreover the non-steroid user earns $1 million.

a. For the two professional athletes construct the payoff table

b. Elucidate the dominant strategy for both athletes?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9722352

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